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Browse More Listings in Multifamily For Sale, Puyallup, WA or Washington

Multifamily Property For Sale

Canmer Condominiums

17728 85th Ave Ct E, Puyallup, WA 98375

Price:
$1,849,000
No. Units:
16
Building Size:
14,656 SF
Price/Unit:
$115,562.50
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
6.80%
Occupancy:
80%
Lot Size:
49,335 SF
Find Out More...

Last Verified 11/22/2009 Listing ID 16396424

Description

Remodeled and converted to condos in 2008/2009, the Canmer complex (four quadplexes) is now available to you as a single, income producing property. The 8 downstairs units have big fully fenced backyards, and the 8 upstairs units have vaulted ceilings and balconies. Existing tenants are paying between $900 and $1000 per month. Manage it as an apartment building, or sell off the units one at time as you see fit, they are individual condos, each with their own legal descriptions--available now as a single bulk sale.

Complex is off of 176th Street, about halfway between Canyon and Meridian. From 176th, turn South on 85th Ave Ct E. Go to end of the street (stay toward right)

Financial Summary

Actual
Net Operating Income
$128,860

Map of 17728 85th Ave Ct E, Puyallup, WA 98375 (Pierce County)

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Presented by

Millennium NW Real Estate Inc

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Contact Listing Broker

Don Karstedt (253) 255-1299

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Created 9/16/2009

Additional Information for 17728 85th Avenue Court E, Puyallup, WA 98375

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Canmer Condominiums

17728 85th Ave Ct E, Puyallup, WA, 98375