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Listing provided courtesy of Denise Cole, Real Estate Investment Svcs.
Source NWMLS.
5535 Detroit Ave SW, Lakewood, WA 98499
4
beds
3
baths
1616
ft2
· 11700
ft2 lot
$395,000
$244 / ft2
Great opportunity to own an income producing rental! Onside is 3-Bedroom, 2 bath with wood burning stove, Large storage area and shop (this unit has a tenant). The other side is 1 bedroom, 3/4 bath (this unit is vacant). Laundry hook ups in both units. Well maintained property. Easy access to both Highway 512, Interstate I-5. Close proximity to JBLM and Lakewood Town Center
HOA
$0/month
On market
1 month
Year built
1990
Property type
52 Duplex,Multi Family
Parking
3
MLS
1746720
Price / Sq.Ft.
$244 / ft2
Status
Active
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Flyhomes Cash Offer
Based on a price of $395,000
Rebate:
Cash Offer Costs:
Negotiating Power:
Flyhomes Cash Offer
$2,963
$4,295
+$81/day
Best
Flyhomes Guaranteed Offer
$2,963
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Better
Discount Brokerage
$1,363
not offered
Average
Traditional Brokerage
$0
not offered
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Property Details
Interior Features & Layout
Oven Unit 1
Oven Unit 1
Oven Unit 2
Oven Unit 2
Dishwasher Unit 1
Dishwasher Unit 1
Fireplaces Unit 1
1
Heating Details
Baseboard, Stove/Free Standing
Refrigerator Unit 1
Refrigerator Unit 1
Flooring
Laminate
Refrigerator Unit 2
Refrigerator Unit 2
Unit 1 Baths
2.00
Unit 2 Baths
1.00
Unit 3 Baths
0.00
Unit 4 Baths
0.00
Unit 2 Beds
1
Unit 1 Beds
3
Unit 5 Baths
0.00
Unit 6 Baths
0.00
Property, Lot, Community & Exterior Features
Total Units In Building
2
Vacancy Rate
3
View
Territorial
Area Amenities
Storage
Zoning
Multi-Family
Lot Features
Cable TV, Patio, Shop
Lot Size Source
Public Record
Mls Prop Type
52 - Duplex, Multi-Family
Building Exterior Details
Wood Products
Uncovered Spaces
2
Zoning Type
City
Building Condition
Good
Style
52 - Duplex
Foundation
Poured Concrete
Roof
Composition
Effective Year Built
1990
Unit 2 Sqft
500
Lot Details
Corner Lot, Paved Street
Unit 1 Sqft
1116
Carport Spaces
1
Mls Property Type
Multi-Family
Unit 1 Details
5535
Unit 2 Details
5537
Number Stories
1
Year Built Source
PR
Utilities & Other Information
Water / Sewer / Garbage
1000
Power Company
City of Tacoma
Sewer Company
Pierce County Sewer
Energy Source
Electric
Sewer
Sewer Connected
Electric Expenses
1000
Listing Details, Costs & Financing Information
Insurance Expenses
822
Form 17
Provided
Possession
Closing
Buyer's Agent Commission
2
Terms
Cash Out, Conventional
Net Operating Income
8265
Monthly Rent Unit 1
1595
Other Expenses
1950
Monthly Rent
2395
Monthly Rent Unit 2
800
Gross Rent Multiplier
14
Cap Rate
5.00
Tax Year
2020
Sale Type
MLS
Status
Active
Gross Scheduled Income
28740
Offers
RECEIPT
Taxes
3493
Operating Expense
8265, 8265
Preliminary Title Ordered
Preliminary Title Ordered
Apn
6630000010
Gross Adjusted Income
2787
School Neighborhood & Directions
High School
Clover Park High
Directions
From I-5, South on Bridgeport, Right on McChord, Right on Detroit
Details provided by NWMLS and may not match the public record.The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 06, 2021 2:38pm
Neighborhood snapshot
Flyhomes
California
Los Angeles County
Bellflower
Lakewood
17
Properties for sale
6.5
Median days on market
$244.29
Median sold price/sqft
103.09%
Sold/List %
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Property History
04/05/2021
04/05/2021
NWMLS #1746720
active
NWMLS #1746720
$395,000
+314.05%
04/29/2003
04/29/2003
Public Record
sold
Public Record
$95,399
+120.54%
07/28/1996
07/28/1996
Public Record
sold
Public Record
$43,257
+46.63%
01/16/1995
01/16/1995
Public Record
sold
Public Record
$29,500
--11.94%
12/14/1994
12/14/1994
Public Record
sold
Public Record
$33,500
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Courtesy of NWMLS
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