9611 161st Street E, Puyallup, WA 98375

$873,650
3,489
SqFt

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Listing courtesy of Anchor Realty Group. Selling Office: Gateway Real Estate.

Sold Price
$873,650
List Price
$899,950
Status
SOLD
MLS#
2199128
Closing Date
Dec 05, 2024
Days on Market
207
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
3,489
Area Total SqFt
3489
Annual Tax Ammount
8051
Lot Size (sq ft)
21,307
Sewer
Available, Septic Tank

Property Description

NEW IMPORVED PRICE!!! South Hill neighborhood triplex built in 1999 near every amenity you can dream of having in your neighborhood. All three units boast the same 2br/2.5ba floor plan with only unit J flipped in relation to the other two units. All photos and videos are of Unit L which recently just completed a full paint and carpet update in Jan of 2024. Full size washer and dryer in each unit, gas fireplace and wonderful patio access to the spacious backyard. Parking for 6 vehicles and a park like setting backyard shared by the three units. Professionally managed with excellent occupancy history. ZONED HIGH DENSITY SINGLE FAMILY in unincorporated Pierce county with septic connection available for major upside with future expansion.

Additional Information

List Date
2024-05-12 00:00:00
Community
South Hill
Net Operating Income
$57,393
Gross Adjusted Income
$68,700
Gross Scheduled Income
$68,700
Total Monthly Income
$5,725
Insurance Expenses
$1,919
Water/Sewer/Garbage Expenses
$1,337
Gross Rent Multiplier
17.47
Total Expenses
$11,307
Cap Rate
4.48
Total Number of Units
3
Unit Name
9611
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1999
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio, Sprinkler System
Energy Source
Electric, Natural Gas
School District
Puyallup
Elementary School
Frank Brouillet Elem
Middle School
Doris Stahl Jnr High
High School
Emerald Ridge High
Total Monthly Income
$5,725
Gross Scheduled Income
$68,700
Gross Adjusted Income
$68,700
Tax Year
2023
Insurance Expense
$1,919
W/S/G Expenses
$1,337
Total Expenses
$11,307
Net Operating Income
$57,393
Gross Rent Multiplier
17.47
Cap Rate
4.48
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.
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