Bought with ZNonMember-Office-MLS
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9002 154th Avenue Ct NW Lakebay, WA 98349
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Key Details
Sold Price $1,765,600
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lakebay
MLS Listing ID 2371589
Sold Date 07/18/25
Style 56 - 10+ Units
Year Built 1993
Annual Tax Amount $16,549
Lot Size 2.300 Acres
Property Sub-Type Multi Family
Property Description
Incredible opportunity to purchase the Kayla Rae! This well maintained two building, 13 unit apartment complex, is in fantastic condition. Units are clean with newer carpets, paint, and vinyl windows. Great tenants and always rented; all 13 apartments are currently occupied. Rent is currently less than market value and stable cap rate is approximately 5.4%. Apartments are all metered separately and there is a potential for more density. Coin operated laundry on-site. Pre-inspection conducted and report available upon request. Located in the heart of Key Center and close to shopping, retail, and restaurants. Wonderful addition to anyone's investment portfolio and/or real estate holdings!
Location
State WA
County Pierce
Area 9 - Key Peninsula North
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Deck, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot, Cul-De-Sac, Paved, Secluded, Sidewalk
Sewer Septic Tank
Water Community
New Construction No
Schools
Elementary Schools Vaughn Elem
Middle Schools Key Peninsula Mid
High Schools Peninsula High
School District Peninsula
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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