1309 to 1311 12th Avenue NW, Puyallup, WA 98371

$710,000
2,016
SqFt

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Listing courtesy of Keller Williams Realty. Selling Office: Keller Williams Rlty Lk Tapps.

Sold Price
$710,000
List Price
$700,000
Status
SOLD
MLS#
2205441
Closing Date
Mar 29, 2024
Days on Market
5
Style
52 - Duplex
Finished SqFt
2,016
Area Total SqFt
2016
Annual Tax Ammount
5225
Lot Size (sq ft)
11,475
Sewer
Sewer Connected

Property Description

This updated Duplex sits near the heart of Downtown Puyallup. One half is occupied, bringing in $2100 per month. The other half is ready for you or for a 2nd tenant. With new LVP floors, fresh interior paint, & a brand new 30-year roof, this home is an easy-maintenance investment opportunity. Each unit features 3 bedrooms, 1.5 baths, updates & its own attached garage. On ¼ acre, the yard is fully-fenced w/ room to play & dual covered patios perfect for summer BBQs. Peach Park is right around the corner. Easy access to 167, I-5, 512 & River Rd, perfect for commuters. Come take a look at this great, updated investment opportunity already bringing in consistent income in desirable downtown Puyallup.

Additional Information

List Date
2024-03-24 00:00:00
Community
Downtown
Net Operating Income
$40,763
Gross Adjusted Income
$50,400
Gross Scheduled Income
$50,400
Insurance Expenses
$1,337
Water/Sewer/Garbage Expenses
$3,075
Gross Rent Multiplier
13
Total Expenses
$9,637
Cap Rate
5.8
Total Number of Units
2
Unit Name
1309 to 1311
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1979
Roof
Composition
Site Features
Fenced-Fully, High Speed Internet, Outbuildings, Patio
Energy Source
Electric
School District
Puyallup
Elementary School
Karshner Elem
Middle School
Aylen Jnr High
High School
Puyallup High
Gross Scheduled Income
$50,400
Gross Adjusted Income
$50,400
Tax Year
2023
Insurance Expense
$1,337
W/S/G Expenses
$3,075
Total Expenses
$9,637
Net Operating Income
$40,763
Gross Rent Multiplier
13
Cap Rate
5.8
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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