2.62-acre apartment site in low property tax Lakewood plus low vacancy rates and a reduced listing price for extra cash flow. Should qualify for the Multi-Family Tax Exemption for added savings and profit. Building area is in the front 1/3 of property (wetlands beyond). MF1 zoning. Best guess is approximately 20 units. Price reduced plus super owner contract at 3% first year, 4% second year, 5% third year, and 6% for remainder of term (like a 3-2-1 buydown). Seller will negotiate price for a cash out offer. Excellent location for apartment construction with Amazon directly across the street and other major employers in the immediate area. Great access to JBLM and the I-5 Freeway with just a quick commute north to Tacoma or south to Olympia. Property is located between 7817 and 7717 146th Street SW. Price reduced $200,000 for quick sale.
| MLS # | 2479359 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 188 |
| Listing Provided By | All Real Estate Solution | Dan Dodge |
| Zoning | MF1 - City of Lakewood |
|---|---|
| Acreage | 2.62 |
| Property View | Yes |
| Property | 1680 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Lakewood |
| Zip Code | 98439 |
| Area | 41 Lakewood | Tillicum |
| Community Name | American Lake |
| School District | Clover Park High |
| Elementary School | Tillicum Elem |
| High School | Clover Park High |
| Listing VS Median (in American Lake) | |
Price: $399,950 low | high Med: $575,000 On site: 188 low | high Med: 21 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Lakewood |
| Zip Code | 98439 |
| Area | 41 Lakewood | Tillicum |
| Community Name | American Lake |
| School District | Clover Park High |
| Elementary School | Tillicum Elem |
| High School | Clover Park High |
| Listing VS Median (in American Lake) | |
Price: $399,950 low | high Med: $575,000 On site: 188 low | high Med: 21 | |