Bought with ZNonMember-Office-MLS
$623,500
$799,900
22.1%For more information regarding the value of a property, please contact us for a free consultation.
5,021 SqFt
SOLD DATE : 08/16/2024
Key Details
Sold Price $623,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,021 sqft
Price per Sqft $124
Subdivision Puyallup
MLS Listing ID 2260862
Sold Date 08/16/24
Style 55 - 5-9 Units
Year Built 1940
Annual Tax Amount $6,778
Lot Size 1.750 Acres
Property Description
Great value add opportunity!! This property consists of 7 rental units, plus multiple garages and storage sheds, all on just shy of 2 acres. There are two stick built houses, one stick built retail/office building, three manufactured homes and one RV included in the sale. The property has been used as a spirtual sober living program for the last 8 years. The property needs sweat equity, and is being sold "as is", but has unlimited potential. Proforma income puts the cap rate at 10.1%, or continue as group housing, or woould be great for a contractor or landscaping company. A portion of the property has been used for commercial/retail/office in the past.
Location
State WA
County Pierce
Area 79 - Puyallup
Interior
Fireplace Yes
Exterior
Exterior Feature Metal/Vinyl, Wood Products
Amenities Available Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, RV Parking, Shop
Waterfront No
View Y/N No
Roof Type Built-Up,Composition,Torch Down
Parking Type RV Parking
Building
Lot Description Open Space, Secluded
Sewer Septic Tank
Water Community
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Puyallup
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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