6807 Lakewood Dr W
University Place, WA 98467
0.97 acres | #2299274
Description
Built in 1957 and recently upgraded, the Meadow Park apartments are a 12-unit offering sitting on Lakewood Dr and adjacent to the Meadow Park Golf Course. Resting on an acre of centrally located real estate, Meadow Park is comprised on efficiently laid out 1-bedroom 1-bath units holding modernized interior finishes. Inside you’ll find hard surface countertops, stainless steel appliance package, new cabinets, new LVP flooring, and updated bathroom and kitchen fixtures. In addition to interior improvements, current ownership has upgraded outdated plumbing, electrical, roof, siding, and landscaping. Offered to investors at an in-place cap of 6.5%, this cash flowing opportunity is well positioned to provide new ownership consistent returns.
Property Details
- Exterior MaterialsStone
- Stories1
Measurements
- Acres0.9691
Construction Details
- Style56 - 10+ Units
- Property TypeMulti-Family
Condition
- Year Built1957
Utilities / Energy Details
- Sewer InformationSeptic Tank
Community and Neighborhood Details
- SubdivisionUniversity Place
Location
- CountyPierce
- School DistrictFife
Financial Details
- Original List Price$1,800,000
- Taxes Annual$12,412
- Days on Market (Cumulative)51
Other
- MLS #2299274
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 2024-11-15 17:28:10. 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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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: David A. Kelley (#NWM124360)
Listing Office: Kidder Mathews (#NWM128)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
