11101-11103 Kline Street Southwest
Lakewood, WA 98499
$489,999
Price
4
Beds
2
Baths
1,218 Sq. Ft.
$402 / Sq. Ft.
1,218
Sq. Ft.
$402
per Sq. Ft.
Listing provided courtesy of The Real Estate Firm
Description
Amazing investment property! Whether you are looking to add to your portfolio or looking for your very first investment property, this would be a great one. Both units are currently rented with well established tenants. Updates within the last couple years include a new roof, exterior paint and interior remodels. In addition, updated 4 inch plastic sewer line all the way to the main. Both units have their own assigned storage area along with their own set of washer and dryer. Low maintenance, low...Amazing investment property! Whether you are looking to add to your portfolio or looking for your very first investment property, this would be a great one. Both units are currently rented with well established tenants. Updates within the last couple years include a new roof, exterior paint and interior remodels. In addition, updated 4 inch plastic sewer line all the way to the main. Both units have their own assigned storage area along with their own set of washer and dryer. Low maintenance, low owner utility costs, and in a highly developing area. Very few duplexes in all of pierce county for sale in this price point. An investors dream! Also, neighboring duplex next door for sale as well. Mls #2315563
- Listed by Brittney Bredl • The Real Estate Firm
Property Details for 11101-11103 Kline Street Southwest
Community Name
Lakeview
School DistrictClover Park
Number of Assigned Spaces4
Total Covered Parking0
Entry Date12-11-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
LISTING UPDATED: 12/12/2024 11:30 AM
Property Details for 11101-11103 Kline Street Southwest
| Status | Active |
|---|---|
| MLS # | 2315200 |
| Days on Market | 6 |
| Cumulative Days on Market | 6 |
| Taxes | $4,160 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1950 |
| Lot Size | 0.14 AC / 6,300 SF |
| County | Pierce County |
Building Information for 11101-11103 Kline Street Southwest
Stories1Residences2Year Built1950Building Size-Lot Size0.14 AC / 6,300 SF
Property Information for 11101-11103 Kline Street Southwest
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Patio
- Area: 37 - Lakewood
- Block: 071805/3001
- Elementary School: Lakeview Elem
- Middle Or Junior School: Lochburn Mid
- High School: Clover Park High
- Effective Year Built Source: Public Records
- Directions: From I5 take exit 125 (Bridgeport Way/McCord). Turn R (North) on Bridgeport way. Then turn R (East) onto 112th. Road changes name to 111th, follow to address.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- 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: 4
Interior Features
- Fireplaces Total: 0
- Amenities: See Remarks,Storage
- Cooling: Yes
- Cooling: Central A/C
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
- FIRPTA: Yes
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 2052
- Power Company: Lakeview
- Sewer Company: Pierce County Refuse
- Water Company: Lakeview
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- First Right Of Refusal: true
- MLS Square Footage Source: PR
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1975
- Photos Count: 9
Lot Information
- Lot Details: Paved
- Lot Size Dimensions: 6300
- Lot Number: 1
- Lot Size Source: PR
- Parcel Number Free Text: 5080001993
- Calculated Square Footage: 1218
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 1218.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 7773
- Gross Adjusted Income: 27888
- Gross Rent Multiplier: 0
- Gross Scheduled Income: $27,888
- Insurance Expense: $1,561
- Net Operating Income: $20,115
- Other Expenses: $0
- Total Monthly Income: 2324
- Fuel Expense: $0
Unit 1
- Name Unit 1: 11101
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Square Feet Unit 1: 610
- Rent Unit 1: $1,225.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 11103
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Square Feet Unit 2: 610
- Rent Unit 2: $1,099.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 1218.0
- Leasable Area Units: Square Feet
Property History for 11101-11103 Kline 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 11101-11103 Kline 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 The Real Estate Firm
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.
