1. Washington
  2. Puyallup
  3. 219 5th Avenue NE
$4,574,900

219 5th Avenue NE, Puyallup, WA 98372

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon0.54acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 29 days ago

Property Description

This listing courtesy of Rich Kim, Lumin Brokers of Washington

Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 6.00% would be raised to 7.24%!

Listing Status:
Active
Listing Office:
Lumin Brokers of Washington : 855-586-4692
Listing Agent:
Rich Kim : 855-586-4692
MLS ID:
2403003
  • Flooring: LaminateCarpet
  • A/C: None
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0

This listing courtesy of Rich Kim, Lumin Brokers of Washington

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Stewart Elementary School

426 4th Ave NE, Puyallup, WA, 98372

Grades PK-6

0.19 miles away

P

Psd Special Services

214 W Main, Puyallup, WA, 98371

Grades PK-12

0.36 miles away

P

Psd Special Services

214 W Main, Puyallup, WA, 98371

Grades PK-12

0.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.