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Listing Firm: The Paragon Group: Ross Hubbard

Bought With: Windermere Professional Prtnrs : Anders Ibsen

SOLD On October 15, 2021
NWMLS # 1814129

$2,700,000

  • Sold Price
  • - Beds
  • - Baths
  • 13200 Sq.ft.

12502 Addison Street SW #1-16, Lakewood, WA 98499

Listings with the three tree icon are courtesy of NWMLS

About This Property

Investor Alert! Incredible opportunity to own Clover Creek Apartments featuring 15 - 2 bed/1 bath units. The units are all turn-key and renovated to market standards. Coin operated laundry provides additional income. Rental rates increasing dramatically in Lakewood with room to increase the rent on all of these 2 bed units to $1,350+$135/RUBS. Very quiet dead end street with lots of parking, yards for main floor residents, patios for all, easy access to local amenities and employment for tenants. Brand new TPO Membrane roof (50 year roof), full exterior paint, and all interior units renovated to market standards to maximize rental income. Located near both Ft. Lewis and McChord Air Force Base.

Buyer's Agent: Anders Ibsen • Windermere Professional Prtnrs

Listed by: Ross Hubbard • The Paragon Group

Aris360 Last Checked: 2 Minutes Ago (Jun 10, 2025 09:15 PM)

  • Source: NWMLS as Distributed by MLS Grid #1814129

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Addison
  • Zip/Postal Code: 98499
  • City: Lakewood

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$3,847 per month
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Property Features

  • County
    • Lakewood
  • Community
    • 36 - Lakewood
  • MLS Area
    • 36 - Lakewood
  • Longitude
    • -122.502181
  • Latitude
    • 47.14399
  • Directions
    • I-5 to McChord/Bridgeport Exit. Go East to SanFrancisco. Left to (T), which is Addison. Left to Property on Left.

  • Interior
    • Wall to Wall Carpet
    • Laminate
    • Laminate Hardwood
  • Floors
    • Laminate
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 3
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 25
  • Lot Description
    • Dead End Street,
    • Paved,
  • Foundation
    • Post & Pillar,
    • Slab,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
  • Site Description
    • Cable TV,Fenced-Partially,Gas Available,Patio
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres

    • 1

  • Condition
    • Remodeled,
  • Water
    • Lakewood Water District
  • Building Total Area (Sq. Ft.)
    • 22550
  • Utilities
    • Cable Connected,
    • Natural Gas Available,
    • Sewer Connected,
    • Electric,

  • High School District
    • Lakewood
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Buyer To Verify
  • High School
    • Buyer To Verify

  • Possession
    • Closing,
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Association Fee Frequency
    • Annually
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2020
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $18842
  • Year Built
    • 1965
  • Effective Year Built
    • 2020
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Tue Jun 10 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jun 10, 2025 09:15 PM