6608 106th Street Ct E 8 Unit Apartment Building $1,600,000 ($200,000/Unit) 6.31% Cap Rate Puyallup, WA 98373

Kidder Mathews is pleased to have the exclusive listing for the Summit
Apartments – 8-unit opportunity with assumable debt in place fixed
through 2030.
The property features updated systems, a newer roof, and fully renovated
unit interiors significantly reducing near-term capital expenditures
and positioning the asset for ease of ownership and consistent cash
flow from day one. With the heavy lifting already complete, investors
can immediately benefit from stable income while exploring upside
through further rent growth in a market experiencing strong demand
and low vacancy.
Strategically located in Puyallup — the property benefits from excellent
access to employment centers, public transit, and local amenities. The
submarket continues to attract renters seeking affordability without
sacrificing convenience, making it a resilient and high-demand location.
The assumable debt at a below-market rate provides a unique financing
advantage in today’s high-interest-rate environment, offering positive
leverage, improved cash-on-cash returns, and reduced rate exposure.
This offering is ideal for both local and out-of-area investors seeking
a stabilized, income-producing property with long-term upside in a
supply-constrained market