8311 Lake ST SW, Lakewood, WA 98498
8311 Lake ST SW, Lakewood, WA 98498
8311 Lake ST SW, Lakewood, WA 98498
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Listed by:Every Door Real Estate • Indy Basra
$674,999
Est. payment /mo
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6 Beds
3 Baths
2,088 SqFt
New

8311 Lake ST SW Lakewood, WA 98498

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Rebecca Smith

Rebecca Smith

+1(503) 567-1149

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,088 sqft

Price per Sqft $323

Subdivision Tillicum

MLS Listing ID 2555073

Style 53 - Tri-plex

Bedrooms 6

Year Built 1963

Annual Tax Amount $5,737

Lot Size 0.302 Acres

Property Sub-Type Multi Family

Property Description

Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.

Location

State WA

County Pierce

Area 41 - Lakewood/Tillicum

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Cable TV, Fenced-Fully

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Corner Lot, Paved, Sidewalk

Sewer Septic Tank

Water Public

New Construction No

Schools

School District Clover Park

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

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8311 Lake ST SW