This 4-Plex is a solid, turn-key investment with INSTANT CASH FLOW: 10% Cap rate! COMPLETELY REMODELED: New carpets & laminate flooring, kitchens, baths, appliances, interior & exterior paint, heaters, water heaters, garage doors, & newer roof. Detached 4 car garage could be rented for additional income. Convenient location makes this a high-demand rental.
This property sold as 4 plex, but is 2 duplexes that face each other with common entry. Each duplex has it own AP #.These units are single level brick construction, 2 bedroom, 1 bath. Each unit has fireplace, utility room (tenant to supply washer and dryer), single car attached garage with direct access to living area. Additional 2nd car parking space in front of garage. 2 of the units have
Investor Alert! RARE OPPORTUNITY to own a Class A (2017 built) 4 plex in Lakewood! Perfect candidate for the savvy investor looking for a well located, low maintenance property to jumpstart their real estate investing career or defer taxes via 1031 exchange. Each unit offers 2 BR/1BA with spacious rooms, refrigerator, dishwasher and in-unit washer/dryer. Dedicated off street parking, fully fenced
Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement.
Collateral Analytics
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ICE
ICE Mortgage Technology
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First American
First American
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Quantarium
Quantarium
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Average Value
Not Available
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
Purchase History
Date
Buyer
Sale Price
Title Company
Auza Geoffrey Yro
--
None Available
Auza Geoffrey Yro Laurea
$314,719
Old Republic Title Ltd
Rohrbacher David
$152,250
Fatco
Nationstar Mortgage Llc
$244,432
None Available
Jamin Society
--
None Available
Young Mary A
$90,603
Pnwt
Robinson James
$226,862
First American Title Co
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Open
Auza Geoffrey Yro
$311,521
Closed
Auza Geoffrey
$310,000
Closed
Auza Geoffrey Yro Laurea
$321,772
Previous Owner
Young Mary A
$262,500
Previous Owner
Robinson James
$191,987
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
03/05/201503/05/15
Sold
$315,000
-6.0%
$102 / Sq Ft
02/05/201502/05/15
Pending
--
--
--
10/27/201410/27/14
For Sale
$335,000
--
$108 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
This home is located at 4428 111th St SW, Lakewood, WA 98499 since 25 October 2014 and is currently estimated at $929,000, approximately $300 per square foot. This property was built in 1947. 4428 111th St SW is a home located in Pierce County with nearby schools including Lakeview Hope Academy, Lochburn Middle School, and Clover Park High School.
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