12020 Edgewood Avenue SW
Lakewood, WA 98498
2728 sqft | 0.41 acres | #2352212
Description
Fully renovated, vacant, separate electric meters, ready to go! This Lakewood 4plex is a unicorn! You don't have to deal with existing tenants or renovations, just close and gain full control! Minutes to JBLM, this property is highly rentable. With a new roof, interior units updated with LVP flooring, countertops, bathroom vanities, and appliances, this is a worry-free investment. Whether you're looking for a house hack with a VA, FHA, or conventional loan, or you're an investor looking to add to your portfolio, this is a rare opportunity. Listed at a 7.4% cap rate, this is the best deal available and you can achieve a higher cap rate if you implement RUBS. Washer/dryer are shared and you can implement coin-op for additional income.
Property Details
- Lot DescriptionCorner Lot, Curbs, Paved, Sidewalk
- InteriorLaminate, Laminate Hardwood
- Elementary SchoolLake Louise Elem
- Sewer InformationSewer Connected
- Middle SchoolBuyer To Verify
- Date ListedApril 03, 2025
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Exterior MaterialsMetal/Vinyl
- Style54 - 4-Plex
- School DistrictClover Park
- High SchoolLakes High
- Structure TypeQuadruplex
- SubdivisionLake City
- Original List Price$725,000
- MLS #2352212
- MLS #2352212
- Property ConditionAverage
- Acres0.4132
- Utility SourcePublic
- CountyPierce
- Taxes Annual$7,352
- Cost725000
- Square Feet2728
- Year Built1955
- FoundationSlab
- Stories1
- Days on Market (Cumulative)2
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-04-04 00:28:11. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Gervon Simon (#NWM121126)
Listing Office: COMPASS (#NWM6652)
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