8710-8712 Lochburn Lane Southwest
8710-8712 Lochburn Lane Southwest
Lakewood, WA 98499
$560,000
Price
4
Beds
2
Baths
1,400 Sq. Ft.
$400 / Sq. Ft.
1,400
Sq. Ft.
$400
per Sq. Ft.
Pending
Pending
Listing provided courtesy of Redfin
Description
Fantastic investment property. 1400 sq ft duplex with 700 sq ft units on each side. One unit was recently updated with quartz countertops, refinished hardwood floors, new doors, paint, and updated bathroom. The other unit was recently painted. Each unit has 2 beds and 1 bath with an attached garage. Great long term tenants. Newer roof. Large fully fenced front and side yard. This is the investment that you have been looking for.Fantastic investment property. 1400 sq ft duplex with 700 sq ft units on each side. One unit was recently updated with quartz countertops, refinished hardwood floors, new doors, paint, and updated bathroom. The other unit was recently painted. Each unit has 2 beds and 1 bath with an attached garage. Great long term tenants. Newer roof. Large fully fenced front and side yard. This is the investment that you have been looking for.
- Listed by Mark Queen • Redfin
Property Details for 8710-8712 Lochburn Lane Southwest
Community Name
Lakewood
School DistrictClover Park
Number of Assigned Spaces2
Total Covered Parking1
Entry Date05-13-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Redfin![]()
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LISTING UPDATED: 05/24/2024 10:32 AM
Property Details for 8710-8712 Lochburn Lane Southwest
| Status | Pending |
|---|---|
| MLS # | 2232385 |
| Days on Market | 2 |
| Cumulative Days on Market | 2 |
| Taxes | $3,200 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1969 |
| Lot Size | 0.32 AC / 13,939 SF |
| County | Pierce County |
Location
Listing Courtesy of Redfin![]()
Add your commute
Building Information for 8710-8712 Lochburn Lane Southwest
Stories1Residences2Year Built1969Building Size-Lot Size0.32 AC / 13,939 SF
Payment Calculator
$3,323 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,056
Property Taxes
$267
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 8710-8712 Lochburn Lane Southwest
Summary
Location and General Information
- Style: 52 - Duplex
- Area: 37 - Lakewood
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: Exit on 129, right on S 74th St west in 0.2 miles, right on S 74th St in 0.2 miles, left on Bridgeport Way West in 2.7 mile, right onto 88th St Sw, right on Lochburn Lane Sw in 900 ft, home on left
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 2.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
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
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 250
- Power Company: Lakewood Light
- Sewer Company: Lakewood Sewer
- Water Company: Lakewood Water
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- First Right Of Refusal: false
- MLS Square Footage Source: Realist - Buyer to verify
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 8
Lot Information
- Lot Size Source: Realist - Buyer to verify
- Parcel Number Free Text: 0220352154
- Calculated Square Footage: 1400
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 1400.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 2
- Units Below Grade: false
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 3950
- Gross Adjusted Income: 28300
- Gross Rent Multiplier: 17.3
- Gross Scheduled Income: $31,500
- Insurance Expense: $0
- Net Operating Income: $24,350
- Other Expenses: $500
- Total Monthly Income: 2625
- Fuel Expense: $0
Unit 1
- Name Unit 1: 8710
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 700
- Rent Unit 1: $1,225.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 8712
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 700
- Rent Unit 2: $1,400.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 1800.0
- Leasable Area Units: Square Feet
Property History for 8710-8712 Lochburn Lane 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.
Public Records for 8710-8712 Lochburn Lane Southwest
Taxable ValueLand$210,800Additions$183,700Total$394,500
Tax Record2023$4,141 ($345 / month)
Home Facts
Total Finished SqFt1,400 SqFtAbove Ground SqFt1,400 SqFtStories1Lot Size13,939 SqFtStyleDuplexYear Built1969Year Renovated2006ZoningMF1CountyPIERCEAPN0220352154
Schools near 8710-8712 Lochburn Lane 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 |
|---|---|---|
Dower Elementary School PublicPK to 5 | ||
Lochburn Middle School Public6 to 8 | ||
Clover Park High School Public9 to 12 | ||
Re-Entry High School 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Redfin
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.