12311 --12315 112th Avenue Ct E - Apartments FOR SALE


Puyallup, WA 98374- South Hill
$1,750,000 USD
253-376-6347
12311 --12315 112th Avenue Ct E, Puyallup, WA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/19
null | 6.76% Cap Rate

12311 --12315 112th Avenue Ct E
Puyallup, WA 98374
South Hill


HIGHLIGHTS

  • All units fully occupied and current on rents.
  • No showings prior to mutual contract.
  • No seller financing offered.
  • All leases and financials available for review post mutual acceptance.
  • No for sale sign. Do not disturb tenants.
  • Market Cap Rate estimated at 6.6%+.

OVERVIEW

This fully rented 8-unit complex in desired Puyallup School District is an amazing investment opportunity! Includes two 4-plexes w/ mix of 1BR/BA & 2BR/1BA units on 0.78 acres. Each unit has private patio & updated appliances (most stainless), incl fridge, range, dishwasher & built-in microwave. Tenants pay own electric & cable. Coin-op laundry brings in extra income. Large lot on a dead-end street offers ample parking. Owner storage room on-site. Recent upgrades include newer roof, windows, LVP flooring, carpet, countertops, vanities, light fixtures & int/ext paint. On septic w/ sewer available at SE corner. Two units are Section 8. Zero percent vacancy w/ immediate rental turnover. Great location close to South Hill amenities & YMCA!

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

6.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Puyallup 8-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

MSF, Puyallup

APN/PARCEL ID

041910-8041

ASK ABOUT THIS PROPERTY

Chad GoelzerKeller Williams RealtyMore Info
253-376-6347

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Chad GoelzerKeller Williams RealtyMore Info
253-376-6347

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.