728 Cherry Ave | Sumner, WA 98390
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- LoopNet Team
728 Cherry Ave
Sumner, WA 98390
Station Place · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- 33,486 SF Lot zoned TC with redevelopment potential
- Within walking distance to Downtown Sumner
- Renovated units included granite countertops, hardwood flooring and stainless steel appliances
- Adjacent to Sumner Sounder Transit Station
- Turn-key Asset or Total Value-Add play
PROPERTY FACTS
| No. Units | 20 | Lot Size | 0.77 AC |
| Property Type | Multifamily | Building Size | 14,580 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Building Class | C | Parking Ratio | 2.26/1,000 SF |
| Zoning | TC | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 14,580 SF |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 2.26/1,000 SF |
| Zoning | TC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Refrigerator
- Range
- Carpet
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 17 | $1,660 | 780 |
| 1+1 | 3 | $1,400 | 580 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,894,800 | |
| Land Assessment | $1,299,300 | Total Assessment | $4,194,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,299,300
Improvements Assessment
$2,894,800
Total Assessment
$4,194,100
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