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About the Listing 7913 - 146115,28191
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 1955, and an 8-unit building situated at the rear of the property, built in 1972. 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.
Listing Highlights
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
2525348
Year Built
1972
Total Square Footage
10,182
Lot/Acreage
2.62
Interior Details
- Bedrooms: 22
- Bathrooms: 15 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: See Remarks
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 25
- Zoning: Multi-Family
- Roof: Composition
- Others: See Remarks,Good
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $26,305
- Taxes w/Assessments: N/A
- Tax/Property ID: 0219123054
- Tax Year: 2026
Payment Calculator
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Questions About..
12413 Bridgeport Way SW Lakewood, WA 98499
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