6608 106th Street Ct E - Apartments FOR SALE


Puyallup, WA 98373- Summit Puyallup
$1,600,000 USD
253-722-1413
6608 106th Street Ct E, Puyallup, WA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/17
null | 6.31% Cap Rate

6608 106th Street Ct E
Puyallup, WA 98373
Summit Puyallup


HIGHLIGHTS

  • Low interest rate & debt cost advantage
  • Fully renovated interiors
  • Strong local demand & market fundamentals

OVERVIEW

Kidder Mathews is pleased to have the exclusive listing for the Summit Apartments – 8-unit opportunity with assumable debt in place fixed through 2030. The property features updated systems, a newer roof, and fully renovated unit interiors significantly reducing near-term capital expenditures and positioning the asset for ease of ownership and consistent cash flow from day one. With the heavy lifting already complete, investors can immediately benefit from stable income while exploring upside through further rent growth in a market experiencing strong demand and low vacancy. Strategically located in Puyallup — the property benefits from excellent access to employment centers, public transit, and local amenities. The submarket continues to attract renters seeking affordability without sacrificing convenience, making it a resilient and high-demand location. The assumable debt at a below-market rate provides a unique financing advantage in today’s high-interest-rate environment, offering positive leverage, improved cash-on-cash returns, and reduced rate exposure. This offering is ideal for both local and out-of-area investors seeking a stabilized, income-producing property with long-term upside in a supply-constrained market

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

8

PRICE/UNIT

$200,000

CAP RATE

6.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

RSEP, Puyallup

APN/PARCEL ID

756001-3560

ASK ABOUT THIS PROPERTY

Austin KelleyKidder MathewsMore Info
253-722-1413

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Austin KelleyKidder MathewsMore Info
253-722-1413

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