219 5th Avenue NE, Puyallup, WA 98372
Courtesy of Lumin Brokers of Washington
- $4,549,900
- 18,594
- SqFt
- List Price
- $4,549,900
- Status
- ACTIVE
- Days on Market
- 383
- Price Change
- ▼ $25,000 1778122542
- MLS#
- 2403003
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1963
- Living Area
- 18,594
- Lot Size
- 23,319
- Acres
- 0.54
- Subdivision
- Downtown
- Neighborhood
- Downtown
- MLS Area Major
- Puyallup
Property Description
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 6.03% would be raised to 7.28%! DO NOT DISTURB TENANTS
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Additional Information
- Amenities
- Coin Op Laundry
- Exterior Features
- Wood Products
- Property Description
- 56 - 10+ Units
- Flooring
- Laminate, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- School District
- Puyallup
- View
- Territorial
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.