Bought with Lake & Company
$2,463,000
$2,500,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
15001 Woodbrook DR SW Lakewood, WA 98439
0.92 Acres Lot
Key Details
Sold Price $2,463,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lakewood
MLS Listing ID 2176712
Sold Date 08/30/24
Style 56 - 10+ Units
Year Built 2019
Annual Tax Amount $12,085
Lot Size 0.920 Acres
Property Sub-Type Multi-Family
Property Description
Brand new apartment opportunity with assumable debt, Kidder Mathews is pleased to have the exclusive listing for the Woodbrook apartments. Excellent cash flowing opportunity, the Woodbrook Apartments is a brand-new garden style community located in Lakewood, WA. Situated on just under an acre, the Woodbrook offering consists of 12 1-bedroom 1-bath units, top of the market interior finishes, extremely low maintenance grounds and promising rental growth potential. Woodbrook has extremely attractive assumable debt offered at 3.37% fixed through 2029. With an in place cap of 6.2%, Woodbrook offers investors an opportunity to own a cash flowing asset with very limited capital expenditures for years to come.
Location
State WA
County Pierce
Area 36 - Lakewood
Interior
Fireplace false
Exterior
Exterior Feature 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 Assumable
Listing Terms Assumable
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157