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.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
10/15/2024
|
|
TRACT
|
Lakewood
|
YEAR BUILT
|
1979
|
|
COMMUNITY
|
Lakewood
|
COUNTY
|
Pierce
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| AIR |
None |
| AREA |
36 - Lakewood |
| CONSTRUCTION |
Wood Siding |
| HEAT |
Baseboard, Electric, Forced Air |
| LOT |
0.5005 acre(s) |
| STORIES |
2 |
| STYLE |
56 - 10+ Units |
| SUBDIVISION |
Lakewood |
| TAXES |
17014 |
| UTILITIES |
Sewer Connected |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/16/24 9:21 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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