Lakewood Homes with 56 - 10+ Units Style

Welcome to Lakewood, a vibrant and inviting neighborhood nestled in the heart of Pierce County, Washington. Just a stone's throw from Tacoma, Lakewood offers a unique blend of urban conveniences and serene suburban living, making it an ideal place for families, professionals, and retirees alike.

Lakewood is known for its diverse community and rich cultural tapestry, where residents enjoy a variety of local parks, recreational facilities, and scenic waterfronts. The area boasts an array of outdoor activities, from hiking and biking trails to fishing spots along the beautiful shores of American Lake. Families will appreciate the top-rated schools and community programs that foster a sense of belonging and growth.

When it comes to homes, Lakewood features an impressive selection of properties, particularly those with 56 to 10+ units. These multi-family dwellings are perfect for investors seeking to capitalize on the thriving rental market or for those looking to create a sense of community in a shared living environment. With spacious layouts and modern amenities, these homes provide a comfortable lifestyle while promoting social interaction among residents.

The neighborhood is also conveniently located near major highways, making commutes to Tacoma and Seattle a breeze. Shopping, dining, and entertainment options abound, ensuring that residents have everything they need right at their fingertips.

In Lakewood, you’ll find not just a home, but a community that welcomes you with open arms. Come discover the charm and convenience of Lakewood, where your dream home awaits!

Newest Lakewood Homes with 56 - 10+ Units Style

$1,650,000

2525348 MLS ⋅ ACTIVE Status

MOTIVATED SELLER! $117K PER UNIT & 6.93% CAP RATE | Gen Villas is a cash-flowing value-add 14-unit apartment community situated on 2.62 acres in a serene creek-side setting surrounded by lush greenery in Lakewood, located less than 2 miles from Joint Base Lewis-McChord, Pierce County’s largest employer. The property consists of 14 units across two separate buildings: a 6-unit building located at the front of the property, originally constructed in 1972, and an 8-unit building situated at the rear of the property, built in 1955. The unit mix includes one 4-bedroom / 3-bathroom unit, one 3-bedroom / 1-bathroom unit, three 2-bedroom / 1-bathroom units, and nine 1-bedroom / 1-bathroom apartments. Seven units at the property have been updated to a similar finish level as photographed in Unit 5, featuring luxury vinyl plank flooring, fresh interior paint, and newer kitchen appliances and cabinetry. The opportunity exists for new ownership to complete cosmetic renovations to the remaining 7 units and increase rents approximately 17% to market. A Additionally, Units 1, 2, and 4 include in-unit washer and dryer stacks, while the remaining units benefit from access to an on-site community laundry facility. Residents benefit from an ample supply of off-street parking, including 6 carports and 3 surface parking stalls serving the front building, as well as an additional 16 surface parking stalls designated for the rear building.

12413 Bridgeport Way SW, Lakewood

Listing courtesy of Blake Investment Advisors.

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