Wholesale - 4 plex - 21.47% Cash on Cash, 9.79% Cap

[Shirley Yim]

21.47% Cash on Cash -- 9.79% CAP -- Large Townhome Style Fourplex Lakewood, Washington near JBLM

A large fourplex in Lakewood, Washington, conveniently located close to Joint Base Lewis-McChord.

Townhome style that boost 1,200 square feet of space with 3 spacious bedrooms, 2.25 baths, washer and dryer in unit, and 2 car garage.

Large walk in close in master suite

The property has been well maintained -- Exterior paint done on building 2 years ago

Units have been updated with new storm windows 8 years ago

Turnkey investment opportunity.

Each unit is individually metered for water and electric

Easy to rent resulting in steady stream of income. Currently 100% leased with long term tenants

Property is located in a cul-du-sac along a greenbelt

Short walk to a brand new 3.5 acre public park, with play area, big open field, two half court basketball courts and rental picnic area

Close proximity to local coffee shops, grocery stores, gas station, hospital, and less than 5 minutes away from major freeway

Under contract for $390,000. The County has it assessed at $450,000. Value based on comparable sales is conservatively between $450,000-$475,000 allowing for instant $60k-$85k equity. Rents are under marketing with potential to increase immediately by a minimum of 10% to as much as 30%.

Outstanding investment opportunity that provides 21.47% cash on cash return, excellent cash flow, and positive equity growth in steady area.