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1204 1216 7th Avenue SE

Puyallup, WA 98372
  • $2,950,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 2041098
$2,950,000
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,080
    SQFT
  • $417
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

School District:
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Westlake Associates, Inc.. Sold by .

Description

Fully renovated duplex style 8-unit apartments in downtown Puyallup blocks from the Fairgrounds. All one-story 2bed 1bath units boasting a private, fenced back yard, patio, & attached spacious garage. Renovated & spacious interiors include new kitchen cabinets, quartz countertops, new stainless steel appliances, side by side washer & dryers in dedicated laundry room, flooring, doors, mill work, lighting, & more. Located in an area w/ stabilized vacancy rate that is below submarket pre-pandemic avg, has seen significant rent growth & a surge in investor interest. Thanks to strong demand & low vacancies, there has been a double-digit avg rent increase & rise in market prices, making this turn-key property the perfect investment opportunity.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tribeca NW Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-03-20T00:14:24.507. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-03-20T00:14:24.507. 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.
www.tribecanw.com/homes/137397002
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1204 1216 7th Avenue SE Puyallup, WA 98372

  • Price: $2,950,000
  • Status: Active
  • On Site: 17 Days
  • ID#: 2041098
0
Beds
0
Baths
0
½ Baths
0.74
Acres
7,080
SQFT
$417
$/SQFT
1970
Built
Neighborhood:
Puyallup
County:
Pierce
Area:
Puyallup
School District:
Puyallup
Property Description
Fully renovated duplex style 8-unit apartments in downtown Puyallup blocks from the Fairgrounds. All one-story 2bed 1bath units boasting a private, fenced back yard, patio, & attached spacious garage. Renovated & spacious interiors include new kitchen cabinets, quartz countertops, new stainless steel appliances, side by side washer & dryers in dedicated laundry room, flooring, doors, mill work, lighting, & more. Located in an area w/ stabilized vacancy rate that is below submarket pre-pandemic avg, has seen significant rent growth & a surge in investor interest. Thanks to strong demand & low vacancies, there has been a double-digit avg rent increase & rise in market prices, making this turn-key property the perfect investment opportunity.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 8 Exterior Features Wood Open Parking Spaces 4 Open Parking YN Yes Parking Total 12 Parking Uncovered Spaces 4 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN No Waterfront YN No

Interior Features

Building Area Total 7080 Cooling YN Yes Fireplace YN No Furnished Unfurnished Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 119 Energy Source Electric First Right Of Refusal No Irrigation Water Rights YN No Listing Terms Cash OutConventionalSee Remarks Net Operating Income 163425 New Construction YN No Possession Closing Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 17624 Tax Year 2022 Units In Building Total 8 Zoning Class Multi-Family Zoning Jurisdiction County



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tribeca NW Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-03-20T00:14:24.507. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-03-20T00:14:24.507. 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.
 
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Tribeca NW Real Estate
375 NW Gilman Blvd, Suite #B101
Issaquah WA, 98027
Northwest MLS logoListing information ©2023 Northwest MLS. Listing courtesy of Westlake Associates, Inc.. Sold by .