Four 4Plexes in Puyallup
Property Details
MLS #
1154490Beds
32Annual Operating Expense
49,766.40SqFt
13,040Baths
16Building Type
4PlexPrice
$1,995,000Cap Rate
6.19Gross Annual Income
169140Net Operating Income
123,611Number Of Units
16# Parking Spaces
32Listing Description
(4) Fourplexes on separate parcels sold together. Market Cap Rate: 7.6%. Each Building is 3260 sq ft. with coin-op laundry room, storage structures, and 4 covered parking spaces; units are all 770 sq ft, 2bed / 1bath. Combined, these properties sit on 3.5 acres zoned (UV) Urban Village which may allow the development of up to 104 units! This is a solid turn-key investment property that presents huge opportunity. Located just off Meridian E & primed for substantial return due to its strategic location.
Listing Location
Mortgage Calculator
Listing by
Sound Property Group
Keller Williams Seattle Metro
Ph: 2069316036
5446 California Ave. SW, Seattle, WA 98136