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1314 Maple St
Sumner, WA 98390
 1314 Maple · Multifamily Property For Sale · 16 Units

Apartment Buildings Washington Sumner 1314 Maple St, Sumner, WA 98390

INVESTMENT HIGHLIGHTS

  • Outstanding assumable financing at 65% LTV and a 3.48% interest rate fixed until 2031, with remaining interest-only term
  • Unrivaled submarket position catering to a premium tenant base through providing a rare mix of quality and efficient floor plans
  • Professionally maintained and managed, offering opportunity for passive ownership while delivering cash flow north of 9% on trailing financials
  • Remarkable physical condition with over $1MM invested in capital improvements under current ownership
  • Exceptional financial performance with greater than 97% economic occupancy over the preceding 30 months

PROPERTY FACTS

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.31 AC
Building Size 9,603 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1924/2019
Parking Ratio 1.51/1,000 SF
Zoning LDR-6

AMENITIES

UNIT AMENITIES

  • Dishwasher
  • Microwave
  • Storage Space
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Double Pane Windows
  • Island Kitchen
  • Vinyl Flooring

SITE AMENITIES

  • Controlled Access
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 9 $1,550 425 - 475
1+1 7 $1,650 500 - 625

PROPERTY TAXES

Parcel Number 042024-4045 Improvements Assessment $3,167,600
Land Assessment $245,800 Total Assessment $3,413,400
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  • Listing ID: 28874025

  • Date on Market: 6/28/2023

  • Last Updated:

  • Address: 1314 Maple St, Sumner, WA 98390

More public record information on 1314 Maple St, Sumner, WA 98390

The Multifamily Property at 1314 Maple St, Sumner, WA 98390 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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