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855.375.4001
Listing Courtesy of: Brittney Bredl - The Real Estate Firm 509-201-0005 Provided by Northwest MLS
$1,200,000 affordable loan icon Calculate Payment

4400 111th Street SW Lakewood, WA 98499

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Multi-Family Residence
Beds
Baths
... Bed/Bath
4,395 Sq. Ft.
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Last updated on 2/2/2025 9:22 AM

Listing Details

7 Unit Apartment complex! Listed well below market value at just 171k per unit and a current 6% cap rate!! Interiors have been lightly updated along with each unit has their own heat and AC mini split unit. Mini split units are less than 5 years old. Garages are available for renters to rent but are... not included in this sale. However, it is a huge marketing selling point for renters to have the option to have a garage. Beautiful landscaping with strategically lined trees and a fenced area for dogs to run. Rents are very low, with rent increases this building can be over a 7% cap rate very quickly. Fully occupied, Low maintenance, easy to maintain, GREAT INVESTMENT! Continue reading
MLS#
2323421
Property Type
Multi-Family
Status
Year Built
1928
Square Feet
4,395 sq. ft
Lot Size
0.4
Sewer
Sewer Connected
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Listing Courtesy of: Brittney Bredl - The Real Estate Firm 509-201-0005 Provided by Northwest MLS
Andrea Conner, License # 26653, Xome Inc. License # 19003, [email protected], 844-400-XOME (9663), 1411 4th Avenue, Seattle, WA 98101


Based on information submitted to the MLS GRID as of 2/2/2025. 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.

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This content last refreshed on 2/2/2025 9:22 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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