508 7th Avenue NW, Puyallup, WA 98371
- $710,000
- 3,138
- SqFt
Listing courtesy of eXp Realty. Selling Office: Windermere RE West Campus Inc.
- Sold Price
- $710,000
- List Price
- $750,000
- Status
- SOLD
- MLS#
- 2193127
- Closing Date
- Apr 11, 2024
- Days on Market
- 6
- Style
- 53 - Tri-plex
- Building Condition
- Average
- Finished SqFt
- 3,138
- Area Total SqFt
- 3138
- Annual Tax Ammount
- 6087
- Lot Size (sq ft)
- 16,789
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-02-02
Property Description
INVESTMENT OPPORTUNITY! Triplex has additional 1080 sf SHOP to increase the monthly income! Unit 1 has been updated over the years. Complete w/ 2 bedrooms, 3/4 bath, large living room w/ wood-burning fireplace, and kitchen w/built-in desk. Utility room has w/d, pantry, and more storage. Unit 2 is about 500 sf w/1 bed, 3/4 bath, and efficient living room w/ mini kitchenette. Unit 3 is occupied by tenant- 1138 sf w/ 1 bed, 1 bath, and w/d. What makes this property EXCEPTIONAL is the 3-vehicle carport PLUS two attached storage units. The SHOP can be rented for additonal income, as can the RV carport. Roof: 5 years new; Boiler: 1 year new; Vinyl windows thru-out. Owner pays W/S/G and heat; tenants pay electric. DO NOT DISTURB TENANT IN UNIT #3.
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Additional Information
- List Date
- 2024-04-05 00:00:00
- Community
- Nw Puyallup
- Net Operating Income
- $45,793
- Gross Adjusted Income
- $53,010
- Gross Scheduled Income
- $55,800
- Total Monthly Income
- $4,650
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $1,920
- Gross Rent Multiplier
- 13
- Total Expenses
- $11,807
- Cap Rate
- 6
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 508
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1953
- Roof
- Composition
- Site Features
- Cabana/Gazebo, Cable TV, Fenced-Partially, Outbuildings, Patio, RV Parking, Shop, Sprinkler System
- Energy Source
- Natural Gas
- School District
- Puyallup
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,650
- Gross Scheduled Income
- $55,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $53,010
- Tax Year
- 2024
- Insurance Expense
- $2,000
- W/S/G Expenses
- $1,920
- Total Expenses
- $11,807
- Net Operating Income
- $45,793
- Gross Rent Multiplier
- 13
- Cap Rate
- 6
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.