5303 Parker Rd E - Apartments FOR SALE
Sumner, WA 98390 |
5303 Parker Rd E
Sumner, WA 98390
HIGHLIGHTS
- Comprehensively Renovated Asset: A thoughtful interior and exterior renovation allows a new investor to acquire an asset with no deferred maintenance,
- Immediate Cash Flow: Current Cash on Cash Return of 6.56% yielding $71,495 annually.
- Opportunity to add Washers and Dryers: Boosting Cash on Cash return to 8.08%, yielding $100,203 annually.
- Outsized Return Potential: End of Year 5 Levered Yield of 20.85%
- Covered Land Play Opportunity: 50,560 square foot piece of ground zoned High Density Residential with opportunity to build 29 units or 28 townhomes or
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Sumner Park Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
11770
STORIES
1
YEAR BUILT
1968
PARKING SPACES
32
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
052019-2095
