Great value add opportunity!! This property consists of 7 rental units, plus multiple garages and storage sheds, all on just shy of 2 acres. There are two stick built houses, one stick built retail/office building, three manufactured homes and one RV included in the sale. The property has been used as a spirtual sober living program for the last 8 years. The property needs sweat equity, and is being sold "as is", but has unlimited potential. Proforma income puts the cap rate at 10.1%, or continue as group housing, or woould be great for a contractor or landscaping company. A portion of the property has been used for commercial/retail/office in the past.
|
DAYS ON MARKET
|
39
|
LAST UPDATED
|
8/20/2024
|
|
TRACT
|
Puyallup
|
YEAR BUILT
|
1940
|
|
COMMUNITY
|
Puyallup
|
COUNTY
|
Pierce
|
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Multi Family
|
| School District |
Puyallup |
| Elementary School |
Buyer To Verify |
| Jr. High School |
Buyer To Verify |
| High School |
Buyer To Verify |
| AREA |
79 - Puyallup |
| CONSTRUCTION |
Vinyl Siding, Wood Siding |
| HEAT |
Baseboard, Electric, Forced Air |
| LOT |
1.75 acre(s) |
| LOT DESCRIPTION |
Open Space, Secluded |
| SEWER |
Septic Tank |
| STORIES |
1 |
| STYLE |
55 - 5-9 Units |
| SUBDIVISION |
Puyallup |
| TAXES |
6778 |
| UTILITIES |
Cable Available |
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