5503 112th Street Southwest
Lakewood, WA 98499
$565,000
Price
3
Beds
3
Baths
2,026 Sq. Ft.
$279 / Sq. Ft.
2,026
Sq. Ft.
$279
per Sq. Ft.
Listing provided courtesy of Pellego, Inc.
Description
Investment Opportunity! Discover this cash-flowing tri-plex on a spacious corner lot. All three units are currently occupied by long-term tenants, ensuring positive steady income. Features include on-site laundry facilities, 5 dedicated parking spots, and ample street parking. Conveniently located near I-5, Tacoma Mall, shopping, dining, & parks, this property offers a prime location for tenants. Don't miss this chance to secure a solid, income-generating property for your portfolio! Rents $3750....Investment Opportunity! Discover this cash-flowing tri-plex on a spacious corner lot. All three units are currently occupied by long-term tenants, ensuring positive steady income. Features include on-site laundry facilities, 5 dedicated parking spots, and ample street parking. Conveniently located near I-5, Tacoma Mall, shopping, dining, & parks, this property offers a prime location for tenants. Don't miss this chance to secure a solid, income-generating property for your portfolio! Rents $3750. 2x1, 1x1, 0x1.
- Listed by Shawn Darden • Pellego, Inc.
Property Details for 5503 112th Street Southwest
Community Name
Clover Park
School DistrictClover Park
Number of Assigned Spaces6
Total Covered Parking0
Entry Date11-20-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 12/04/2024 06:13 AM
Property Details for 5503 112th Street Southwest
| Status | Active |
|---|---|
| MLS # | 2312163 |
| Days on Market | 31 |
| Cumulative Days on Market | 31 |
| Taxes | $4,846 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1940 |
| Lot Size | 0.30 AC / 13,000 SF |
| County | Pierce County |
Building Information for 5503 112th Street Southwest
Stories2Residences3Year Built1940Building Size-Lot Size0.30 AC / 13,000 SF
Property Information for 5503 112th Street Southwest
Summary
Location and General Information
- Style: 53 - Tri-plex
- Area: 40 - Lakewood
- Directions: From I-5 South, take Exit 125 onto Bridgeport Way. Right onto Bridgeport Way SW, Left onto 112th St SW, Right onto 55th Ave SW. 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: 0.0
- Carport: No
- Open Parking Spaces: 6.0
- 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: 0
Interior Features
- Fireplaces Total: 0
- Cooling: Yes
- Cooling: Wall Unit(s)
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 2400
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Possible Use: Multi-Family
- MLS Square Footage Source: REALIST
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 26
Lot Information
- Lot Details: Corner Lot, Paved
- Lot Size Source: REALIST
- Parcel Number Free Text: 6675000100
- Calculated Square Footage: 2026
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2026.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 6
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 9246
- Gross Adjusted Income: 3750
- Gross Rent Multiplier: 150.66
- Gross Scheduled Income: $3,750
- Insurance Expense: $2,000
- Net Operating Income: $3,750
- Other Expenses: $0
- Total Monthly Income: 3750
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 551
- Rent Unit 1: $1,325.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 1100
- Rent Unit 2: $1,500.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 375
- Rent Unit 3: $925.00
- Bedrooms Unit 3: 0
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2026.0
- Leasable Area Units: Square Feet
Property History for 5503 112th 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.
Public Records for 5503 112th Street Southwest
Taxable ValueLand$216,000Additions$231,800Total$447,800
Tax Record2024$4,846 ($404 / month)
Home Facts
Total Finished SqFt2,026 SqFtAbove Ground SqFt2,026 SqFtStories1Lot Size13,000 SqFtStyleTriplexYear Built1940Year Renovated1978ZoningR4CountyPIERCEAPN6675000100
Schools near 5503 112th 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 |
|---|---|---|
Tyee Park Elementary School 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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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.
