215 23rd Ave SW #1-15

Puyallup, WA 98371
$4,100,000
  • 2003 Year Built
  • 0.88 Acres

Property Highlights

Neighborhood:
Puyallup
Acreage:
0.88 acres

Listing Courtesy of Northwest MLS / Sterling Johnston Real Estate

  • Property Description
    15-unit apartment,5.2% Cap Rate,3 buildings,one built in 1993 and 2 in 2003.Additional upside in rents and other income,spacious two and three-bedroom apartment homes averaging over 1,300, pickleball court and an abundance of parking totaling 37 total spaces including 18 garage spaces,washer & dryer in every unit,significant value-add opportunities remain by upgrading interior finishes, 5,300 new jobs estimated in 2020.The city’s rental rates have grown more than 29% in the last five years.
  • Property Details
    • MLS ID:
      1666266
    • Area:
      Puyallup
    • Community:
      Puyallup
    • County:
      Pierce County
    • Elementary School:
      Buyer To Verify
    • Flooring:
      Ceramic Tile, Laminate Tile, Wall to Wall Carpet
    • High School:
      Buyer To Verify
    • Junior High School:
      Buyer To Verify
    • Lot Size Sq. Ft.:
      38,333
    • Lot Style:
      Corner Lot, Dead End Street, Paved Street, Sidewalk
    • Property Type:
      Multi-Family
    • Status:
      Pending
    • Year Built:
      2003
  • Additional Highlights
    • Exterior:
      Metal/Vinyl, Wood
    • Gross Income:
      $311,049
    • Heating / Cooling:
      Forced Air, Wall
    • Roofing:
      Composition
    • Water Source:
      Community
    • Zoning:
      Multi-Family
  • Amenities
    • Amenities:
      Fire Sprinklers, Storage, Thermal Windows
    • Site Features:
      Athletic Court, Deck, Patio, Sprinkler System
  • Taxes and Fees
    • Taxes (Est):
      $32,308
    • Taxes (Year):
      2020
    • Total Operating Expense:
      $96,842

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Location

215 23rd Ave SW #1-15, Puyallup Washington, 98371 United States

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215 23rd Ave SW #1-15, Puyallup, Washington 98371 United States

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215 23rd Ave SW #1-15, Puyallup Washington, 98371 United States

Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.

Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.