1314 Maple St | Sumner, WA 98390
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- LoopNet Team
1314 Maple St
Sumner, WA 98390
1314 Maple · Multifamily Property For Sale
·
16 Units
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 | Building Size | 9,603 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1924/2019 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | LDR-6 | ||
| 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 | $2,974,000 |
| Land Assessment | $260,200 | Total Assessment | $3,234,200 |
PROPERTY TAXES
Parcel Number
042024-4045
Land Assessment
$260,200
Improvements Assessment
$2,974,000
Total Assessment
$3,234,200
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