Bought with Kidder Mathews
$5,100,000
$5,400,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
3444 Erickson RD Gig Harbor, WA 98335
0.78 Acres Lot
Key Details
Sold Price $5,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Gig Harbor
MLS Listing ID 1698121
Sold Date 03/01/21
Style 56 - 10+ Units
Year Built 1989
Annual Tax Amount $17,553
Lot Size 0.778 Acres
Property Sub-Type Multi-Family
Property Description
CALLL FOR OFFERS: 12/17/2020
Laurelwood is a two-story, wood framed 28-unit complex located just off Highway 16 and Erickson St in the heart of Gig Harbor. Consisting of both one and two-bedroom units, the Laurelwood complex has secured entry, elevator access, community room, and an on-site
leasing office. Laurelwood sits on over 1.5 acres of Class A real estate in the most sought-after Pierce County submarket, Gig Harbor. With the recent dissolution of Laurelwood's affordable requirements, this trophy project is now a market rate complex. Laurelwood offers tremendous rental upside, interior renovations potential, approved permits for two additional units, prime location, and nearly nonexistent vacancy.
Location
State WA
County Pierce
Area 1 - Gig Harbor
Interior
Interior Features Forced Air
Fireplace false
Exterior
Exterior Feature Cement Planked
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Peninsula
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.