Listed by Every Door Real Estate, Bought with eXp Realty
NOT LISTED FOR SALE

10914 Addison St SW Unit 1-22 Lakewood, WA 98499

Lakeview Neighborhood
-- Bed
-- Bath
13,856 Sq Ft
1.04 Acres

Last Sold November 21, 2016

Last sale price $1,360,000 $98 Per Sq Ft

9 Days on Market

Highlights

  • 1.04 Acre Lot
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of November 2016

22 units, 7.08% Cap Rate! 100% Occupied. Recent improvements include new roof, new master electrical panel, laminate flooring in some units. Increase cash flow by separately metering & update interior of units. Coin operated laundry. Unit mix is 12 -1 bd, 8- 2 bd and 2- 3 bd units. Convenient to numerous retail centers. Growing area. Vacancy in Pierce county is the lowest since 2009. Future job growth over the next ten years is predicted to be 33%. Near JBLM & close to I-5.

Last Agent to Sell the Property

Wendy Pedersen

Every Door Real Estate License #112128 Listed on: 10/14/2016

Every Door Real Estate

Co-Listed By

Donna Marshall

Skyline Properties, Inc. License #111216

Last Buyer's Agent

David Quantrell

eXp Realty License #21032608

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1035686

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,967

Year Built

  • Built in 1965

Lot Details

  • 1.04 Acre Lot
  • Property is in average condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 13,856 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 44 Parking Spaces
  • Open Parking

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5080000180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,967

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1965
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 13856
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 44
  • Open Parking: Yes
  • Total Parking Spaces: 44
  • ParkingUncoveredSpaces: 44

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Lakeview Light & Power
  • SewerCompany: City Of Lakewood
  • WaterCompany: Lakewood Water District
  • WaterSewerGarbage: 21507

Fee Information

  • Annual Fuel Expense: 7979

Schools

  • Junior High Dist: Lakewood

Lot Info

  • Parcel Number: 5080000180
  • Lot Size Acres: 1.0445
  • Lot Size Sq Ft: 45500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: Washer/Dryer,Water Tank
  • TotalMonthlyIncome: 16933

Multi Family

  • Gross Scheduled Income: 203196
  • Net Operating Income: 99181
  • Number Of Units Total: 22
  • Electric Expense: 8336
  • Insurance Expense: 8544
  • Leasable Area: 13856
  • UnitsInBuildingTotal: 22
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2016
  • Tax Annual Amount: 14967

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2016 11/21/16 Sold $1,360,000 -2.9% $98 / Sq Ft
10/24/2016 10/24/16 Pending -- -- --
10/14/2016 10/14/16 For Sale $1,399,980 -- $101 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wendy Pedersen

    Seller's Agent in 2016

    Wendy Pedersen

    Every Door Real Estate

    (425) 232-4266

    29 Total Sales

    Wendy Pedersen
    Section Image
  • Donna Marshall

    Seller Co-Listing Agent in 2016

    Donna Marshall

    Skyline Properties, Inc

    (425) 422-0954

    34 Total Sales

    Donna Marshall
    Section Image
  • David Quantrell

    Buyer's Agent in 2016

    David Quantrell

    eXp Realty

    (253) 988-5819

    143 Total Sales

    David Quantrell
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1035686

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Lakewood 98499 Lakeview

10914 Addison St SW Unit 1-22, Lakewood, WA

This home is located at 10914 Addison St SW Unit 1-22, Lakewood, WA 98499 since 14 October 2016. This property was built in 1965. 10914 Addison St SW Unit 1-22 is a home located in Pierce County with nearby schools including Lakeview Hope Academy, Lochburn Middle School, and Clover Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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