425 4th St NE | Puyallup, WA 98372
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- LoopNet Team
425 4th St NE
Puyallup, WA 98372
Prestige Townhomes · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- 12 townhome units that are all in turnkkey position with 10 being fully remodeled and 2 value add potential
- Large townhomes style units averaging 940 SF In the heart of downtown Puyallup, near shops and amenities
- Current cap rate of 6.04% and market cap rate of 6.49%
- Potential to increase NOI through management or partial renovation
- Walk Score of 87, offering excellent pedestrian access to daily needs
- Option to assume financing at 3.40%, Loan amount of $1,767,469.53
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.66 AC |
| Property Type | Multifamily | Building Size | 11,280 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Building Class | C | Parking Ratio | 2.22/1,000 SF |
| Zoning | RS-06 - Residential | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 11,280 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | RS-06 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 12 | - | 940 |
PROPERTY TAXES
| Parcel Number | 760000-0221 | Improvements Assessment | $1,082,100 |
| Land Assessment | $1,444,400 | Total Assessment | $2,526,500 |
PROPERTY TAXES
Parcel Number
760000-0221
Land Assessment
$1,444,400
Improvements Assessment
$1,082,100
Total Assessment
$2,526,500
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