14402 Washington Ave SW
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14402 Washington Ave SW
10 Unit Block of Flats £1,489,053 (£148,905/Unit) 7.20% Net Initial Yield Lakewood, WA 98498
Executive Summary
Wonderland Apartments, located at 14402 Washington Ave SW, Lakewood, WA, is a 10-unit multifamily investment opportunity with significant value-add potential. The complex, built in 1942, consists of six buildings on a 43,125 SF lot. The units have an average size of 934 SF, totaling 9,340 SF of residential space.
Property Facts
| Price | £1,489,053 | Building Class | C |
| Price Per Unit | £148,905 | Lot Size | 0.99 AC |
| Sale Type | Investment | Building Size | 9,340 SF |
| Net Initial Yield | 7.20% | Number of Floors | 1 |
| No. Units | 10 | Year Built | 1942 |
| Property Type | Residential | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | £1,489,053 |
| Price Per Unit | £148,905 |
| Sale Type | Investment |
| Net Initial Yield | 7.20% |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 9,340 SF |
| Number of Floors | 1 |
| Year Built | 1942 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 220000-2400 | Improvements Assessment | £117,020 |
| Land Assessment | £937,043 | Total Assessment | £1,054,063 |
PROPERTY TAXES
Parcel Number
220000-2400
Land Assessment
£937,043
Improvements Assessment
£117,020
Total Assessment
£1,054,063
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14402 Washington Ave SW
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