2604 92nd ST S #A/B, Lakewood, WA 98499
2604 92nd ST S #A/B, Lakewood, WA 98499
2604 92nd ST S #A/B, Lakewood, WA 98499
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Ranjani Ravi

Ranjani Ravi

+1(425) 906-3948
Listed by:COMPASS • Jim Swanson
$580,000
Est. payment /mo
5 Beds
2 Baths
2,240 SqFt
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UPDATED:

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 $258

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. The interiors of both unites were renovated, and the upper 3 bedroom unit has remained vacant since renovations were done. Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 5.5% 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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Ranjani Ravi

Ranjani Ravi

+1(425) 906-3948

Managing Broker | License ID: 23004133

Managing Broker License ID: 23004133

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