Bought with Westlake Associates, Inc.
$1,685,000
$1,800,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
0.74 Acres Lot
SOLD DATE : 12/06/2021
Key Details
Sold Price $1,685,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 1839008
Sold Date 12/06/21
Style 55 - 5-9 Units
Year Built 1970
Annual Tax Amount $15,721
Lot Size 0.740 Acres
Property Description
Rare opportunity to own a turn-key, 8-unit complex (4 duplexes) so close to downtown Puyallup's shops, restaurants and business core. The Fair grounds are nearby, too! Each of the units are spacious at 885 sqft and feature 2 bedrooms, 1 bathroom, in-unit laundry room with hook-ups, private patio or deck and fenced backyard. Interior access to their own separate single car garages with additional off-street parking. Updated windows and siding on all units, recently paved driveway. Long-term tenants and currently operating near 3% Cap rate affords significant upside potential.
Location
State WA
County Pierce
Area 83 - Puyallup
Interior
Interior Features Wall to Wall Carpet, Laminate
Flooring Laminate, Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Wood Products
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Puyallup
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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