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Puyallup,WA 98372
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $273
Subdivision Puyallup
MLS Listing ID 2387090
Style 55 - 5-9 Units
Bedrooms 8
Year Built 1916
Annual Tax Amount $9,383
Lot Size 8,370 Sqft
Property Sub-Type Multi Family
Property Description
Classic value/add investment opportunity in thriving Puyallup. Six of the seven units remain unmodernized, presenting a valuable opportunity for an incoming investor to execute strategic renovations. Upgraded units can command premium rents aligned with current market expectations for newly renovated apartments, enhancing overall asset value and cash flow potential. With a CBD zoning designation and an 8,370 SF land size, this property allows for versatile development options, including mixed-use, multifamily, and commercial expansion. Positioned near transit hubs and retail corridors, the property offers a strong rental market demand with a current CAP rate of 5.69% and a market CAP rate of 7.46%.
Location
State WA
County Pierce
Area 83 - Puyallup
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Alley,Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Puyallup
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional