8602 8604 Terrace Rd SW , Lakewood, WA 98498-4656

WA, Lakewood
$669,990
  • 1,650 Sqft
  • Residential Income Property Type
  • 1958 Year Built
  • Expired Status
Property Description

Don’t miss this prime investment opportunity in the heart of Lakewood! Unit #8602, a 2-bed, 1-bath, is recently updated with newer granite countertops, cabinets, windows, interior/exterior paint, and bathroom upgrades. The 954 sf garage has been converted into a third unit featuring 1 bed, 1 bath, a kitchen, and an upgraded bathroom, presenting an excellent opportunity for additional rental income. #8604, a 2-bed, 1-bath, has updates with newer granite countertops and more. The property includes an expansive fenced backyard with two storage units: one of them is insulated and heated, suitable for an office or possible extra bedroom. You’ll find RV parking in the backyard & potential for an ADU up to 1000sf. Buyer to verify all information.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2170605
  • Price: $669,990
  • Square Footage: 1,650 Sqft
  • Year Built: 1958
  • Lot Area: 0.25 Acre
  • Status: Expired
  • Office Name: Better Properties Real Estate
  • Agent Name: Jueun O
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Forced Air, Baseboard
  • Cooling System None
  • Parking RV Parking
  • Carport Spaces: 2
  • Exterior Features Cement/Concrete, Wood Products, Brick
  • Flooring Hardwood, Carpet, Vinyl, Laminate
  • Interior Features Hardwood, Wall to Wall Carpet, Laminate
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Pierce
  • City Lakewood
  • Zipcode 98498
  • Street: Terrace Rd SW
  • Street Number: 8602 8604
  • Longitude: W123° 26' 58.1''
  • Latitude: N47° 10' 44.2''
  • Directions: From I-5, take Bridgeport Way exit heading west, left on Steilacoom Blvd, continue onto Ardmore, slight left at 88th, continue onto Steilacoom Blvd, left on Terrace Rd, home on right.
  • Mls Area Major: 38 - Lakewood
Neighborhood
  • Elementary School: Buyer To Verify
  • High School: Buyer To Verify
  • High School District: Clover Park
  • Middle School: Buyer To Verify
Additional Information
  • Water Source: Public
  • Stories Total: 1
  • Possible Use: Multi-Family,Residential
  • On Market Date: 2023-10-11
  • Number Of Units Total: 2
  • Lot Features: Paved
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 5029.48
Listing Information
  • List Agent Mls Id: 114666
  • List Office Mls Id: 9277
  • Listing Term: Cash Out,Conventional,FHA,VA Loan
  • Mls Status: Expired
  • Modification Timestamp: 2024-01-13T08:18:12Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-01-13T08:16:05Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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