4120 109th Street Southwest
$2,500,000
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Listing provided courtesy of Urban Commercial Partners, LLC
Description
The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.
- Listed by Pat Suarez • Urban Commercial Partners, LLC
Property Details for 4120 109th Street Southwest
Community Name
Lakewood
School DistrictLakewood
Number of Assigned Spaces14
Total Covered Parking0
Entry Date10-15-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 10:46 AM
Property Details for 4120 109th Street Southwest
Status | Active |
---|---|
MLS # | 2302122 |
Days on Market | 71 |
Cumulative Days on Market | 170 |
Taxes | $17,014 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1979 |
Lot Size | 0.50 AC / 21,800 SF |
County | Pierce County |
Building Information for 4120 109th Street Southwest
Stories2Residences1Year Built1979Building Size-Lot Size0.50 AC / 21,800 SF
Property Information for 4120 109th Street Southwest
Property History for 4120 109th Street Southwest
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4120 109th Street Southwest
Taxable ValueLand$551,700Additions$416,500Total$968,200
Tax Record2024$10,411 ($868 / month)
Home Facts
Total Finished SqFt4,160 SqFtAbove Ground SqFt4,160 SqFtStories2Lot Size9,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1979Year Renovated2020ZoningTOCCountyPIERCEAPN6075000120
Schools near 4120 109th 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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