12231 -12233 117th Ave E Unit 1-8, Puyallup, WA 98374

$1,275,000

Listing courtesy of Commercial Advantage, LLC.

List Price
$1,275,000
Status
PENDING
MLS#
1552239
Days on Market
41
Style
55 - 5-9 Units
Building Condition
['Good']
Lot Size (sq ft)
19,166

Property Description

Fully stabilized turnkey asset as is, with potential additional upside with rent increase and minimal capital expenditures. 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 approx 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
2020-01-07 00:00:00
Community
Puyallup
Property Type
MULT
Units
8
Stories
1
Potential Terms
Cash Out, Conventional, FHA
Year Built
1976
Total Parking
10
Uncovered Parking
10
Exterior
Brick, Wood Products
Roof
Composition
School District
Puyallup
Total Monthly Income
$7,246
Gross Scheduled Income
$86,586
Vacancy Rate
2
Gross Adjusted Income
$84,854
Annual Taxes
$8,206
Tax Year
2019
Insurance Expense
$1,171
W/S/G Expenses
$4,674
Total Expenses
$18,697
Net Operating Income
$66,157
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
600
Unit 1 Rent
$900
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
710
Unit 2 Rent
$1,340
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
600
Unit 3 Rent
$920
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
600
Unit 4 Rent
$900
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
600
Unit 5 Rent
$770
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
600
Unit 6 Rent
$920
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