Washington
Lakewood
8314 Spruce Street SW

$1,150,000

8314 Spruce Street SW, Lakewood, WA 98498

Multi-Family Home
Built in 1952
0.53acre lot
—— car garage
$——/sqft
Listed 4 months ago

Property Description

This listing courtesy of Vikki Iverson, COMPASS

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. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.

Listing Status:: Active
Listing Office:: COMPASS : 425-242-6440
Listing Agent:: Vikki Iverson : 425-242-6440
MLS ID:: 2352914

General: Ceramic Tile
Flooring: Ceramic TileVinyl PlankCarpet
A/C: 90%+ High EfficiencyCentral A/CForced AirHeat PumpHigh Efficiency (Unspecified)
Heating: Forced AirHeat PumpHigh Efficiency (Unspecified)
Fireplace: Fireplaces: 0

This listing courtesy of Vikki Iverson, COMPASS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Tillicum Elementary School

8514 Maple St SW, Lakewood, WA, 98498

Grades KG-5

0.33 miles away

Thomas Middle School

14920 Spring St SW, Lakewood, WA, 98439

Grades 6-8

0.53 miles away

Clover Park High School

11023 Gravelly Lake Dr SW, Lakewood, WA, 98499

Grades 9-12

2.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.