MLS# 710706 | $335,000.00
This 4-Plex is a solid, turn-key investment with instant cash flow: 8.8% Cap rate! Completely remodeled: New carpets & laminate flooring, kitchens, baths, appliances, interior & exterior paint, heaters, water heaters, garage doors, & newer roof. Detached 4 car garage could be rented for additional income. Convenient location makes this a high-demand rental.
Investor Ownership Scenario:
Purchase Price: $335,000
Down Payment (25%): $83,750
Monthly Principal and Interest Payment (based on 4.125% APR): $1217
Monthly Utilities, Taxes, and Insurance: $636.42
------
Monthly Rental Income: $3100.00
-Monthly Expense: $1853.00
Monthly Cash-Flow: $1247.00 / Annual Cash-Flow: $14,964.00
Find out more about this property & other fourplexes for sale in Lakewood: http://www.soundmultifamily.com/lakewood-multi-family-properties/
Multifamily properties in the Puget Sound Area:
http://www.soundmultifamily.com/
By Charles Burnett, Seattle Area Multi-Family Investment Property Specialist | Sound Realty Group