WA > University Place > University Place
University Place, WA 98467,6807 Lakewood Dr W
University Place, WA 98467,6807 Lakewood Dr W
University Place, WA 98467,6807 Lakewood Dr W
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Listed by Kidder Mathews
$1,800,000
Est. payment /mo
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12 BD
12 BA
0.97 Acres Lot
Pending

6807 Lakewood Dr W University Place, WA 98467

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Whitney Johnson

Whitney Johnson

+1(509) 240-6438

UPDATED:

11/16/2024 01:28 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Subdivision University Place

MLS Listing ID 2299274

Style 56 - 10+ Units

Bedrooms 12

Year Built 1957

Annual Tax Amount $12,412

Lot Size 0.969 Acres

Lot Dimensions 42216

Property 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 In addition to interior improvements, current ownership has upgraded outdated plumbing, electrical, roof, siding, and landscaping.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.

Location

State WA

County Pierce

Area 32 - University Place

Interior

Fireplace false

Exterior

Exterior Feature Stone

Waterfront No

View Y/N No

Roof Type Flat

Building

Sewer Septic Tank

New Construction No

Schools

School District Fife

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

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

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Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

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