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5011 157th Ave. Ct E
Sumner, WA 98390
Salmon Creek Apartments · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Assumable Loan with 4.38% Rate Fixed Until Jan 2030
- 6.09% Current Cap Rate with Upside in Rents
- All 2BD/1BTH Units with Washer/Dryers
- Fully Renovated Turnkey Asset with Quality Finishes
- Nearly 6.8% Cash-on-Cash Return on Stabilization
Property Facts
| No. Units | 8 | Building Size | 6,720 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1989/2022 |
| Building Class | C | Parking Ratio | 2.53/1,000 SF |
| Lot Size | 0.55 AC | ||
| Zoning | G, Sumner | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 6,720 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2022 |
| Parking Ratio | 2.53/1,000 SF |
| Zoning | G, Sumner |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Stainless Steel Appliances
- Double Pane Windows
- Patio
Site Amenities
- Fenced Lot
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,995 | 840 |
Property Taxes
| Parcel Number | 052019-6020 | Improvements Assessment | $1,117,300 |
| Land Assessment | $642,400 | Total Assessment | $1,759,700 |
Property Taxes
Parcel Number
052019-6020
Land Assessment
$642,400
Improvements Assessment
$1,117,300
Total Assessment
$1,759,700
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