10616 Kendrick Street Southwest
10616 Kendrick Street Southwest
Lakewood, WA 98499
$1,380,000
Price
10
Beds
8
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Kidder Mathews
Description
Built in 1957 and recently upgraded with major capital ex items, the Gem -J apartments is an excellent investment option for both a seasoned investor looking to add to portfolio or first time investor looking to jump start their investment goals. Resting on .42 acres and comprised of 8-units, the Gem- J apartments hold 6 one-bedroom and 2 two-bedroom units. Recently remodeled, 7 of the 8 units have seen interior improvements that include new windows, LVP flooring and upgraded lighting. 2 units have...Built in 1957 and recently upgraded with major capital ex items, the Gem -J apartments is an excellent investment option for both a seasoned investor looking to add to portfolio or first time investor looking to jump start their investment goals. Resting on .42 acres and comprised of 8-units, the Gem- J apartments hold 6 one-bedroom and 2 two-bedroom units. Recently remodeled, 7 of the 8 units have seen interior improvements that include new windows, LVP flooring and upgraded lighting. 2 units have a completely new Kitchen. In addition to recent interior work, the Gem-J apartments also has a new roof.
- Listed by David A. Kelley • Kidder Mathews
Property Details for 10616 Kendrick Street Southwest
Community Name
Lakewood
School DistrictLakewood
Number of Assigned Spaces16
Total Covered Parking0
Entry Date05-14-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
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LISTING UPDATED: 05/20/2024 01:40 PM
Property Details for 10616 Kendrick Street Southwest
| Status | Active |
|---|---|
| MLS # | 2237444 |
| Days on Market | 15 |
| Cumulative Days on Market | 15 |
| Taxes | $10,134 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1957 |
| Lot Size | 0.42 AC / 18,200 SF |
| County | Pierce County |
Location
Listing Courtesy of Kidder Mathews![]()
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Building Information for 10616 Kendrick Street Southwest
Stories1Residences8Year Built1957Building Size-Lot Size0.42 AC / 18,200 SF
Payment Calculator
$8,376 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,531
Property Taxes
$845
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 10616 Kendrick Street Southwest
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 36 - Lakewood
- Effective Year Built Source: Public Records
- Directions: Get on I-705 S // Take I-5 S to WA-512 W in Lakewood. Take exit 127 from I-5 S // Take S Tacoma Way, Pacific Hwy SW and 108th St SW to your destination
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 16.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Brick
- Roof: Composition
Property
Utilities
- Water/Sewer/Garbage: 16088
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- First Right Of Refusal: false
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1957
- Photos Count: 4
Lot Information
- Lot Size Source: Public Record
- Parcel Number Free Text: 5080000690
- Calculated Square Footage: 0
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 0.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 16
- Number of Stories in Building: 1
- Vacancy Rate: 5
- Number Of Units Total: 8
- Units Below Grade: false
- Units In Building Total: 8
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 43726
- Gross Adjusted Income: 109410
- Gross Rent Multiplier: 12.61
- Gross Scheduled Income: $115,168
- Insurance Expense: $2,906
- Net Operating Income: $65,648
- Other Expenses: $14,598
- Total Monthly Income: 9218
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Square Feet Unit 1: 484
- Rent Unit 1: $1,075.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Square Feet Unit 2: 484
- Rent Unit 2: $1,115.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Square Feet Unit 3: 759
- Rent Unit 3: $1,490.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Square Feet Unit 4: 484
- Rent Unit 4: $1,015.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Square Feet Unit 5: 484
- Rent Unit 5: $875.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Square Feet Unit 6: 759
- Rent Unit 6: $1,329.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Square Feet Unit 7: 484
- Rent Unit 7: $1,190.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Square Feet Unit 8: 484
- Rent Unit 8: $1,075.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4256.0
- Leasable Area Units: Square Feet
Property History for 10616 Kendrick Street Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 10616 Kendrick Street Southwest
This home is within Clover Park School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Lakeview Hope Academy PublicPK to 5 | ||
Lochburn Middle School Public6 to 8 | ||
Clover Park High School Public9 to 12 | ||
CPSD Open Doors Program Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Kidder Mathews
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.