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Listing 7 out of 7
Sold for $4,450,000 Sold

13518 97th Ave E
Puyallup, WA 98373

22 units | Multi Family Home
1.3151 acres - MLS# 1315683 Courtesy of Kidder Mathews
Property Photo

Sold

Sold for $4,450,000 on Jun 20, 2019

Description

22-unit building constructed in 2018. Fully leased Four stories with elevator consisting of one and two bedroom units. Trophy property in the heart of Puyallup's rental market.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • New Construction: Y
  • Listing Status: Sold
  • Listing Price: $4,695,000
  • County/Area: Pierce County
  • Zip Code: 98373
  • Year Built: 2018
  • School District: Puyallup
  • Units: 22 units
  • # of Parking Spaces: 35
  • Lot Size: 1.3151 acres
  • Accessibility: Yes, See Site Features
  • Area: South Hill
  • Area Number: 87
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 1
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 1
  • Bedrooms Unit 5: 1
  • Bedrooms Unit 6: 1
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 4.95
  • Energy Source(heat): Electric
  • Exterior: Cement Planked
  • Floor Covering: Laminate Hardwood
  • Foundation: Concrete Ribbon
  • General Zoning Class: Multi-Family, Office, Residential, Retail
  • Gross Adjusted Income: $357526
  • Gross Rent Multiplier: $13
  • Gross Scheduled Income: $352260
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $5280
  • Lot Details: Paved Street, Secluded, Sidewalk, Value In Land
  • Net Operating Income: $230384
  • New Construction Details: Completed
  • Number of Stories in Building: 4
  • Number of Uncovered Spaces: 35
  • Other Expenses: $56367
  • Rent Unit 1: $1480
  • Rent Unit 2: $1400
  • Rent Unit 3: $1330
  • Rent Unit 4: $1395
  • Rent Unit 5: $1300
  • Rent Unit 6: $1150
  • Roof: Composition
  • Selling Agent: Brian Richardson
  • Selling Office: Kidder Mathews
  • Site Features: Cable TV, Deck, Disabled Access, Fenced-Fully, Patio, Sprinkler System
  • Square Feet Unit 1: 746
  • Square Feet Unit 2: 733
  • Square Feet Unit 3: 754
  • Square Feet Unit 4: 665
  • Square Feet Unit 5: 604
  • Square Feet Unit 6: 608
  • Total Expenses: $129622, $129622
  • Total Monthly Income: $29645
  • Vacancy Rate: 5
  • Water/Sewer/Garbage: 19800
  • Sold Date: 2019-06-20 00:00:00
  • Sold Price: 4450000.00
Courtesy of Kidder Mathews
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Windermere Real Estate Lake Tapps Inc. and Windermere Real Estate PSK are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-08-19

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