5412 55th St E Unit A-N, Puyallup, WA 98371

$1,250,000

Listing courtesy of MLJackson Real Estate LLC.

List Price
$1,250,000
Status
ACTIVE
MLS#
1609896
Days on Market
33
Style
56 - 10+ Units
Building Condition
['Average']
Lot Size (sq ft)
154,800

Property Description

Rivercrest Mobile Home Park, a 14 pad community with new well systems, 2017 installed new septic systems make for an ultra low maintenance easy investment property. Tenants rent individual pads on lease and are responsible for all of their own maintenance. Storage on-site for extra income. Potential for additional storage build out on site with zoning County - MUD (Mixed Use Development). Over 3.5 acres makes this a great long term hold or development play. New construction homes blocks away!

Additional Information

List Date
2020-06-02 00:00:00
Community
Puyallup
Property Type
MULT
Units
14
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1983
Total Parking
16
Uncovered Parking
10
View
Territorial
Exterior
Cement/Concrete, Wood, Wood Products
Roof
Composition
Site Features
Fenced-Fully
Lot Details
Corner Lot, Paved Street
School District
Puyallup
Elementary School
Hilltop Elem
Middle School
Aylen Jnr High
High School
Puyallup High
Total Monthly Income
$8,450
Gross Scheduled Income
$101,400
Gross Adjusted Income
$101,400
Annual Taxes
$9,445
Tax Year
2020
Insurance Expense
$1,325
W/S/G Expenses
$2,599
Total Expenses
$24,641
Net Operating Income
$76,759
Gross Rent Multiplier
12
Cap Rate
6

Room Dimensions

Unit 1 Rent
$600
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