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Listed by:COMPASS • Jim Swanson
$541,000
Est. payment /mo
5 Beds
2 Baths
2,240 SqFt
New
2604 92nd ST S #A/B Lakewood, WA 98499
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,240 sqft
Price per Sqft $241
Subdivision Lakeview
MLS Listing ID 2544523
Style 52 - Duplex
Bedrooms 5
Year Built 1970
Annual Tax Amount $5,807
Lot Size 0.290 Acres
Property Sub-Type Multi Family
Property Description
Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 6% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level.
Location
State WA
County Pierce
Area 37 - Lakewood
Interior
Flooring Vinyl, Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Garage Spaces 2.0
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Clover Park
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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