• 180 days on site
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RARE ASSUMABLE DEBT OPPORTUNITY in excellent renters market, Kidder Mathews is pleased to have the exclusive listing for the Freeport Apartments. A truly unique assumable debt offering, Freeport sits in the heart of Lakewood and is well positioned to offer new ownership immediate cashflow. Built in 1980, Freeport holds 14-spacious 766 SF 2-bedroom homes situated less than two miles from Interstate ' 5. This transit oriented community rests on 0.63 acres of land comprised of one building, ample surface parking and mature vegetation. With over 78% of units unrenovated, investors will find immense value in interior upgrades and implementation of washer/dry add ins.

Listed by:

Kidder Mathews

Source: NWMLS, MLS#: NWM2171996

  • Property Type
    ResidentialIncome
  • Lot
    0.63 Acres

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Bob Jorgenson
  • Median Age
    33
  • Population Density
    3,254
  • College Educated
    30%
  • Estimated Median Monthly Income
    $50,037
  • Estimated Total Home Owners
    4,435
  • Estimated Total Renters
    8,688
  • Owner / Renter Divide
    34% / 66%
  • Estimated Average Household Size
    2
  • Total Population
    32,174
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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*Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Life at 10211 47th Avenue SW


Schools

2
Dower Elementary School
  • Grades: PK-5
  • Public
1
Lakeview Hope Academy
  • Grades: PK-5
  • Public
5
General William H. Harrison Preparatory School
  • Grades: 6-12
  • Public
1
Clover Park High School
  • Grades: 9-12
  • Public
5
General William H. Harrison Preparatory School
  • Grades: 6-12
  • Public
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

History

Date Event Value Agent
12/4/2023Source: NWMLS Price Reduction
$3,000,000 -9.1%
10/16/2023Source: NWMLS Added to Database
October 16, 2023