12309 12315 117th Ave E, Puyallup, WA 98374

$1,250,000
4,866
SqFt

Listing courtesy of Commercial Advantage, LLC.

List Price
$1,250,000
Status
ACTIVE
MLS#
1537427
Days on Market
14
Style
55 - 5-9 Units
Finished SqFt
4,866
Lot Size (sq ft)
32,234

Property Description

Fully stabilized turnkey asset as is, with potential additional upside with rent increase and minimal capital expenditure. These two 4-plexes, situated at the foot of scenic Mt. Rainier, have been well cared for and each unit has been meticulously well maintained. 10 miles east of Tacoma and approximately 35 miles south of Seattle, Puyallup has gained prominence as a regional commercial center, and it continues to serve its residents with a strong, diversified economy.

Additional Information

List Date
2019-10-31 00:00:00
Community
Puyallup
Property Type
MULT
Units
8
Stories
1
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1976
Total Parking
6
Uncovered Parking
6
Exterior
Brick
Roof
Composition
School District
Puyallup
Elementary School
Ridgecrest Elem
Middle School
Ferrucci Jnr High
High School
Emerald Ridge High
Total Monthly Income
$7,500
Gross Scheduled Income
$97,200
Vacancy Rate
2
Gross Adjusted Income
$95,256
Annual Taxes
$8,164
Tax Year
2019
Insurance Expense
$1,338
W/S/G Expenses
$2,800
Total Expenses
$25,120
Net Operating Income
$70,136
Gross Rent Multiplier
13
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
600
Unit 1 Rent
$925
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
600
Unit 2 Rent
$925
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
600
Unit 3 Rent
$925
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
600
Unit 4 Rent
$925
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
600
Unit 5 Rent
$925
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
600
Unit 6 Rent
$925
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