$1,800,000
Pending

6807 Lakewood Dr W

University Place, WA 98467
Listing OfficeKidder Mathews
Browse 4 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Built in 1957 and recently upgraded, the Meadow Park apartments are a 12-unit offering sitting on Lakewood Dr and adjacent to the Meadow Park Golf Course. Resting on an acre of centrally located real estate, Meadow Park is comprised on efficiently laid out 1-bedroom 1-bath units holding modernized interior finishes. Inside you’ll find hard surface countertops, stainless steel appliance package, new cabinets, new LVP flooring, and updated bathroom and kitchen fixtures. In addition to interior improvements, current ownership has upgraded outdated plumbing, electrical, roof, siding, and landscaping. Offered to investors at an in-place cap of 6.5%, this cash flowing opportunity is well positioned to provide new ownership consistent returns.

  • Property Details
      • SubdivisionUniversity Place
      • Date ListedOctober 10, 2024
      • Style56 - 10+ Units
      • Property TypeMulti-Family
      • Property SubtypeMulti-Family
      • Structure TypeMulti Family
      • Sewer InformationSeptic Tank
      • Original List Price$1,800,000
      • Taxes Annual$12,412
      • MLS #2299274
      • Cost1800000
      • MLS #2299274
      • Acres0.9691
      • CountyPierce
      • Exterior MaterialsStone
      • Year Built1957
      • School DistrictFife
      • Days on Market (Cumulative)70
      • Stories1
Christine PalmerReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00