Bought with Urban Commercial Partners, LLC
$2,300,000
$2,500,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
0.5 Acres Lot
SOLD DATE : 03/04/2025
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lakewood
MLS Listing ID 2302122
Sold Date 03/04/25
Style 56 - 10+ Units
Bedrooms 1
Year Built 1979
Annual Tax Amount $17,014
Lot Size 0.500 Acres
Property Sub-Type Multi-Family
Property Description
The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.
Location
State WA
County Pierce
Area 36 - Lakewood
Interior
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Lakewood
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
GET MORE INFORMATION
