10211 47th Avenue Southwest
10211 47th Avenue Southwest
Lakewood, WA 98499
$3,000,000
Price
28
Beds
14
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Kidder Mathews
Description
RARE ASSUMABLE DEBT OPPORTUNITY in excellent renters market, Kidder Mathews is pleased to have the exclusive listing for the Freeport Apartments. A truly unique assumable debt offering, Freeport sits in the heart of Lakewood and is well positioned to offer new ownership immediate cashflow. Built in 1980, Freeport holds 14-spacious 766 SF 2-bedroom homes situated less than two miles from Interstate – 5. This transit oriented community rests on 0.63 acres of land comprised of one building, ample surface...RARE ASSUMABLE DEBT OPPORTUNITY in excellent renters market, Kidder Mathews is pleased to have the exclusive listing for the Freeport Apartments. A truly unique assumable debt offering, Freeport sits in the heart of Lakewood and is well positioned to offer new ownership immediate cashflow. Built in 1980, Freeport holds 14-spacious 766 SF 2-bedroom homes situated less than two miles from Interstate – 5. This transit oriented community rests on 0.63 acres of land comprised of one building, ample surface parking and mature vegetation. With over 78% of units unrenovated, investors will find immense value in interior upgrades and implementation of washer/dry add ins.
- Listed by David A. Kelley • Kidder Mathews
Property Details for 10211 47th Avenue Southwest
Community Name
Lakewood
School DistrictLakewood
Number of Assigned Spaces20
Total Covered Parking0
Entry Date10-16-2023
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
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LISTING UPDATED: 03/07/2024 09:11 AM
Property Details for 10211 47th Avenue Southwest
| Status | Active |
|---|---|
| MLS # | 2171996 |
| Days on Market | 196 |
| Cumulative Days on Market | 201 |
| Taxes | $20,752 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1980 |
| Lot Size | 0.63 AC / 27,440 SF |
| County | Pierce County |
Location
Listing Courtesy of Kidder Mathews![]()
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Building Information for 10211 47th Avenue Southwest
Stories2Residences14Year Built1980Building Size-Lot Size0.63 AC / 27,440 SF
Payment Calculator
$18,102 per month
30 year fixed, 7.25% Interest
Principal and Interest
$16,372
Property Taxes
$1,729
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 10211 47th Avenue Southwest
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 36 - Lakewood
- Effective Year Built Source: Public Records
- Directions: Continue to I-705 S // Take I-5 S to WA-512 W in Lakewood. Take exit 127 from I-5 S // Take 100th St SW to your destination
- Leased Items: None
- 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: 20.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl Plank
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water/Sewer/Garbage: 20886
- 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: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1980
- Photos Count: 5
Lot Information
- Lot Size Source: Public Source
- Parcel Number Free Text: 0219012043
- Building Condition: Good
- 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: 20
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 14
- Units Below Grade: false
- Units In Building Total: 14
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 77122
- Gross Adjusted Income: 260588
- Gross Rent Multiplier: 1093
- Gross Scheduled Income: $274,303
- Insurance Expense: $4,900
- Net Operating Income: $183,466
- Other Expenses: $30,584
- Total Monthly Income: 22858
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Square Feet Unit 1: 766
- Rent Unit 1: $1,475.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Square Feet Unit 2: 766
- Rent Unit 2: $1,525.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Square Feet Unit 3: 766
- Rent Unit 3: $1,515.00
- 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: 766
- Rent Unit 4: $1,515.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Square Feet Unit 5: 766
- Rent Unit 5: $1,575.00
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Square Feet Unit 6: 766
- Rent Unit 6: $1,525.00
- 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: 766
- Rent Unit 7: $1,489.00
- Bedrooms Unit 7: 2
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Square Feet Unit 8: 766
- Rent Unit 8: $1,399.00
- Bedrooms Unit 8: 2
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 9
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Square Feet Unit 9: 766
- Rent Unit 9: $1,575.00
- Bedrooms Unit 9: 2
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 10
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Square Feet Unit 10: 766
- Rent Unit 10: $1,400.00
- Bedrooms Unit 10: 2
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 11
- Range/Oven Unit 11: true
- Refrigerator Unit 11: true
- Square Feet Unit 11: 766
- Rent Unit 11: $1,515.00
- Bedrooms Unit 11: 2
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 12
- Range/Oven Unit 12: true
- Refrigerator Unit 12: true
- Square Feet Unit 12: 766
- Rent Unit 12: $1,525.00
- Bedrooms Unit 12: 2
- Bathrooms Unit 12: 1
Unit 13
- Name Unit 13: 13
- Range/Oven Unit 13: true
- Refrigerator Unit 13: true
- Square Feet Unit 13: 766
- Rent Unit 13: $1,525.00
- Bedrooms Unit 13: 2
- Bathrooms Unit 13: 1
Unit 14
- Name Unit 14: 14
- Range/Oven Unit 14: true
- Refrigerator Unit 14: true
- Square Feet Unit 14: 766
- Rent Unit 14: $1,475.00
- Bedrooms Unit 14: 2
- Bathrooms Unit 14: 1
Rental
Rent Information
- Occupant Type: Owner
- Leasable Area: 10724.0
- Leasable Area Units: Square Feet
Property History for 10211 47th Avenue 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 10211 47th Avenue Southwest
Taxable ValueLand$1,261,000Additions$796,400Total$2,057,400
Tax Record2024$22,396 ($1,866 / month)
Home Facts
Total Finished SqFt10,584 SqFtAbove Ground SqFt10,584 SqFtStories2Lot Size27,440 SqFtStyleMulti-Family Res (5+ Units)Year Built1980Year Renovated1994ZoningMF1CountyPIERCEAPN0219012043
Schools near 10211 47th Avenue 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 - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Lakeview Hope Academy PublicPK to 5 | ||
Lochburn Middle School Public6 to 8 | ||
Clover Park High School Public9 to 12 | ||
Harrison Preparatory School Public6 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.