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7123 150th St SW, Lakewood, WA 98439
Listing courtesy of: Michael Mesa, Keller Williams Tacoma
Sale Pending (MLS-listed)
Listed at: $425,000

7123 150th St SW Lakewood, WA 98439

Beds: 7
Baths: -
Sq. Ft.: 2,775
$/Sq. Ft.: $153
Lot Size: -
Property Type:Multi-Family
Style:4-Plex
Stories:1
Year Built: 1971
Community: Tillicum
County: Pierce
MLS#: 28067869
Source: NWMLS
Status: Pending Feasibility This listing has an accepted offer, but the buyers have indicated that they want to develop or subdivide the land and need to make sure they can get permission from the local county officials to make the changes once they buy the home.
On Redfin: 34 days
Cumulative: 589 days
Here is your chance to get in on the ground floor! This is one of the first releases of fourplexes by the seller. This building has high rental rates and the military is the constant source of high rental rates and quality tenants! Don't miss out on the opportunity to grab a winner and add it to your portfolio!

Flooring Information

  • Vinyl Floor
  • Wall-to-Wall Carpet

Building Information

  • # of Units: 4
  • Wood Products Exterior
  • Composition Roof

Unit 2 Information

  • # of Bedrooms: 2
  • # of Baths: 1
  • Sq. Ft.: 700
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $700
  • Unit Number: B

Lot Information

  • Lot Has Private/Public Sidewalk Access
  • Zoning Jurisdiction: City

Financial Information

  • Cash Out
  • Conventional
  • FHA Loan
  • Lease/Purchase
  • Rehab Loan
  • VA
  • Annual Taxes: $1,988
  • Tax Year: 2007
  • Cap Rate (NOI/LP): 4.81
  • Gross Rent Multiplier: 15
  • Total Monthly Income: $2,675
  • Gross Scheduled Income: $27,120
  • Gross Adjusted Income: $26,306
  • Net Operating Income: $20,460
  • Insurance Expenses: $870
  • Water/Sewer/Garbage Expenses: $1,440
  • Other Expenses: $1,548
  • Total Expenses: $5,846
  • Total Expenses: $5,846

Heating & Cooling

  • Baseboard Heat

Property Features

  • Cable Television

Unit 3 Information

  • # of Bedrooms: 2
  • # of Baths: 1
  • Sq. Ft.: 700
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $700
  • Unit Number: C

Location Information

  • Map Book: Thomas Guide
  • Steilacoom/American Lake

School Information

  • School District: Clover Park

Utility Information

  • Energy Source: Electric
  • Public Water Source
  • Septic System
  • Power Company: Tacoma Public Utilities
  • Water Company: Lakewood Water
  • Sewer Company: Pierce County

Unit 1 Information

  • # of Bedrooms: 2
  • # of Baths: 1
  • Sq. Ft.: 700
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $700
  • Unit Number: A

Unit 4 Information

  • # of Bedrooms: 1
  • # of Baths: 1
  • Sq. Ft.: 600
  • Has Range/Oven
  • Has Refrigerator
  • Monthly Rent: $575
  • Unit Number: D

Property Information

  • Tax ID #: 4002590160
  • Vacancy Rate: 3

Listing last changed

August 22, 2008, 10:13 AM

Overhead View of 7123 150th St SW, Lakewood, WA 98439

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Property History for 7123 150th St SW

Date Event Price Appreciation Source
Aug 21, 2008 Delisted -- -- Inactive NWMLS #1
Apr 19, 2008 Listed $425,000 -- Inactive NWMLS #1

Public Facts for 7123 150th St SW

Beds: -
Baths: 0.0
Finished Sqft: 2898
Unfinished Sqft: -
Total Sqft: 2898
Floors: 1
Lot Size: -
Style: Multi-Family (5+ Unit)
Year Built: 1971
Year Renovated: 1972
County: Pierce County
APN: 0219221096
Last Updated: October 6, 2007

These facts may not match MLS-provided listing facts. Learn more.
Source: Public Records

Property Tax

Taxable Value
Land $47,100
Additions $0
Total $47,100
Tax (2006) $596

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