15515 Grant Avenue Southwest
Lakewood, WA 98498
$390,000
Last Sold Price
—
Beds
1,120 Sq. Ft.
$348 / Sq. Ft.
1,120
Sq. Ft.
$348
per Sq. Ft.
Sold 6/8/23
Sold 6/8/23
Listing provided courtesy of Pellego, Inc.
Description
Two house investment opportunity. Cute duplex just minutes to JBLM gate. Located close to I-5 and excellent location with lots of potential. The block is in an area for future up-zoning. Also, the property is located in "opportunity zone" which qualifies for capital gains tax benefits. 15515 was completely renovated on 2023. Tenants pay for all utilities. This is a cash flowing property with lots of upside potential to raise rents or live in one unit and rent the other. City of Lakewood compliance...Two house investment opportunity. Cute duplex just minutes to JBLM gate. Located close to I-5 and excellent location with lots of potential. The block is in an area for future up-zoning. Also, the property is located in "opportunity zone" which qualifies for capital gains tax benefits. 15515 was completely renovated on 2023. Tenants pay for all utilities. This is a cash flowing property with lots of upside potential to raise rents or live in one unit and rent the other. City of Lakewood compliance certificate in place. Great location close to JBLM. Purchase with 3.5% down payment. Don't miss this great opportunity.
- Listed by Steve Baik • Pellego, Inc.
Property Details for 15515 Grant Avenue Southwest
Community Name
Clover Park
School DistrictClover Park
Number of Assigned Spaces2
Total Covered Parking0
Entry Date04-18-2023
Energy SourceElectric
SewerSeptic Tank
LISTING UPDATED: 09/05/2024 05:46 AM
Property Details for 15515 Grant Avenue Southwest
| Status | Sold |
|---|---|
| MLS # | 2057324 |
| Days on Market | 16 |
| Cumulative Days on Market | 9 |
| Taxes | $3,917 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1940 |
| Lot Size | 0.40 AC / 17,515 SF |
| County | Pierce County |
Building Information for 15515 Grant Avenue Southwest
Stories1Residences2Year Built1940Building Size-Lot Size0.40 AC / 17,515 SF
Property Information for 15515 Grant Avenue Southwest
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: RV Parking
- Area: 41 - Lakewood/Tillicum
- Elementary School: Tillicum Elem
- Middle Or Junior School: Woodbrook Mid
- High School: Clover Park High
- Effective Year Built Source: See Remarks
- Directions: Take I-5 to Berkley Ave SW. Take Exit 122 from I-5. Continue on Berkeley Ave SW. Drive to Grant Ave SW, take left onto Grant Ave. Property on left.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
- Additional Tax Ids: 2200000176
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 2.0
- Open Parking: Yes
- Parking Features: RV Parking
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Vinyl Plank
- Cooling: Yes
- Cooling: Forced Air
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: Septic
- Water Company: Lakewood water
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Slab
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2023
- Photos Count: 20
Lot Information
- Lot Details: Dead End Street, Paved
- Lot Size Source: County
- Parcel Number Free Text: 2200000176
- Building Condition: Remodeled
- Calculated Square Footage: 1120
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 1120.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- 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: 5117
- Gross Adjusted Income: 15228
- Gross Rent Multiplier: 26.23
- Gross Scheduled Income: $15,228
- Insurance Expense: $1,200
- Net Operating Income: $15,228
- Other Expenses: $0
- Total Monthly Income: 1269
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 1120.0
- Leasable Area Units: Square Feet
Property History for 15515 Grant 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 15515 Grant Avenue Southwest
Taxable ValueLand$181,600Additions$179,400Total$361,000
Tax Record2024$4,060 ($338 / month)
Home Facts
Beds2Total Finished SqFt720 SqFtAbove Ground SqFt720 SqFtStories1Lot Size17,515 SqFtStyleSingle Family ResidenceYear Built1940Year Renovated2019CountyPIERCEAPN2200000176
Schools near 15515 Grant 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 - | PK to 12 |
Rating | School | Distance |
|---|---|---|
Tillicum Elementary School PublicPK to 5 | ||
Woodbrook Middle School Public6 to 8 | ||
Clover Park High School Public9 to 12 | ||
Special Education Services/Relife PublicPK 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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Pellego, Inc.
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.
