Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.
Listing Provided Courtesy of Vikki Iverson, COMPASS
General Information
NWM2352914
Multi Family
66
DOM
0.53 acres
4551
1952
Pierce
Tillicum Elem
Woodbrook Mid
Clover Park Hig
Residential Incom
Multi Family
Listing Provided Courtesy of Vikki Iverson, COMPASS
Krishna Realty data last checked: Jun 21, 2025 19:19 | Listing last modified Jun 14, 2025 00:55,
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Residence Information
4551
Composition, Torch Down
52 - Duplex
1952
Block, Slab
Basement, Storage
Features and Utilities
Ceramic Tile
Brick
Public
Sewer Connected
0
Financial
10667
Cash Out, Conventional
03-31-2025
Comparable Information
66
66
Cash Out, Conventional
$1,150,000
$1,150,000
Jun 14, 2025 00:55
Schools
Elementary : Tillicum ElemN/ARatings Middle : Woodbrook Mid N/ARatings High : Clover Park HigN/ARatings
Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.
