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12524 Addison St SW
Lakewood, WA 98499
Asking Price
$799K
Asset Type
Commercial Land
Class
Class B
What's Special
High-Density ~25-Unit Multifamily Site in Lakewood <ul><li>MF-3 Zoning</li><li>Approximately 54 units per acre permitted density</li><li>Existing tenant occupancy providing interim income</li><li>Topographic Survey, Civil Engineering, Geotechnical, Landscape, HVAC and Electrical Plans</li><li>Potential Multifamily Tax Exemption (buyer to verify)</li><li>Approximately one mile from JBLM</li></ul>
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NOI
$80,000
Cap Rate
10.01%
DSCR
1.69
Strong
Cash-on-Cash
13.59%
Monthly Payment
$3,953.016
Annual Cash Flow
$32,563.807
