12003 112th Avenue E, Puyallup, WA 98374

$1,740,000
9,768
SqFt

Listing courtesy of Best Choice Realty LLC. Selling Office: RE/MAX Commercial Services.

Sold Price
$1,740,000
List Price
$1,750,000
Status
SOLD
MLS#
1517808
Closing Date
Nov 19, 2019
Days on Market
62
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
9,768
Area Total SqFt
9768
Annual Tax Ammount
16427
Lot Size (sq ft)
91,040
Sewer
Septic Tank

Property Description

Four leased duplexes, total of 8 units on 2.09 acres. Five units have an extra bonus room being used as a third bedroom. Capital improvements include roofs and garage doors replaced on all buildings. Minutes from South Hill Mall and 512.

Additional Information

List Date
2019-09-18 00:00:00
Community
South Hill
Net Operating Income
$89,987
Gross Adjusted Income
$138,166
Gross Scheduled Income
$142,440
Total Monthly Income
$11,870
Insurance Expenses
$3,959
Water/Sewer/Garbage Expenses
$3,670
Gross Rent Multiplier
12
Total Expenses
$48,179
Cap Rate
5.1
Vacancy Rate
3
Total Number of Units
8
Unit Name
12003
Potential Terms
Conventional
Year Built
1991
Roof
Composition
Site Features
Cable TV
Other Expenses
24123
School District
Puyallup
Elementary School
Sunrise Elem
Middle School
Ferrucci Jnr High
High School
Buyer To Verify
Total Monthly Income
$11,870
Gross Scheduled Income
$142,440
Vacancy Rate
3
Gross Adjusted Income
$138,166
Tax Year
2019
Insurance Expense
$3,959
W/S/G Expenses
$3,670
Total Expenses
$48,179
Net Operating Income
$89,987
Gross Rent Multiplier
12
Cap Rate
5.1
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