5226-5230 Chicago Avenue SW Lakewood Washington 98499-3314
Directions:
From Pacific Hwy SW Exit at New York Ave SW that curves into McChord Drive SW take that around past Boston Ave SW and past Detroit Ave SW to Chicago Ave SW North. If you reach True Ln SW you have gone to far. (Get Yahoo Driving Directions)
Bedrooms:
Half Bathrooms:
Bathrooms:
Lot Size (acres):
1.03
Basement:
None
Size (square feet):
45000
Parking:
No Parking
Parking Spaces:
29
Appliances Included:
Additional Out Buildings:
Features:
2 Story Fencing - Wood Roofing - Shingle
Description:
The Grand Cedars consists of 29 one and two bedroom units on a 45,000 square foot lot in Lakewood, Washington near McCord Air Force Base.? The Grand Cedars was converted to condos in September of 2007 and consequently recovered at Trustee sale by Active Finance Group, LLC in July of 2008.?The properties are in various stages of remodel, typically needing $8-20,000 to be in retail sale condition for condos in the area.? Four of the two bedroom units were heavily damaged and will need $25-40,000 in repairs.? Exterior repairs will be required?of approximately $70,000 for roof, siding repair, and landscaping clean up.? As condo units, the retail values are $104,900-110,000 for the?one bedroom and $125-130,000 for the two bedrooms.? There are 21 one bedroom and one bath units and 8 two bedroom and one bath units.? The retail value after repairs for ths condo complex?is $3,205,000.? AFG's bulk wholesale price is $1,500,000.??Finally,?all the condo conversions and HOA documents are in our possession. Please contact Andrew Follmer for viewing at 602-443-6143. ?
