11205 71st Avenue Ct E, Puyallup, WA 98373
- $4,900,000
- 24,362
- SqFt
Listing courtesy of Gateway Real Estate. Selling Office: Windermere Bellevue Commons.
- Sold Price
- $4,900,000
- List Price
- $5,500,000
- Status
- SOLD
- MLS#
- 2263632
- Closing Date
- Apr 21, 2025
- Days on Market
- 152
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 24,362
- Area Total SqFt
- 24362
- Annual Tax Ammount
- 60437
- Internet Provider
- Multiple
- Lot Size (sq ft)
- 205,168
- Sewer
- Available
Property Description
Introducing a rare investment opportunity to own an entire community. Features 8 duplexes with 16 individual homes in a prime South Hill location. This property is perfect for investors looking to expand their portfolio and generate reliable passive income. Community was created as a PDD which allows each of the 16 units to be sold individually. Excellent access to schools, shopping, ensuring high occupancy rates and steady rental income. Each unit metered individually. Ample parking for residents. Site is 4.71 acres
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2024-11-20 00:00:00
- Community
- South Hill
- Net Operating Income
- $296,057
- Gross Adjusted Income
- $406,866
- Gross Scheduled Income
- $428,280
- Total Monthly Income
- $35,690
- Insurance Expenses
- $11,563
- Water/Sewer/Garbage Expenses
- $1,912
- Gross Rent Multiplier
- 12.84
- Total Expenses
- $110,809
- Cap Rate
- 5.38
- Vacancy Rate
- 5
- Total Number of Units
- 16
- Unit Name
- 11205
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2007
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Gas Available, High Speed Internet, Patio, Sprinkler System
- Electric Expenses
- 151
- Other Expenses
- 36746
- Energy Source
- Electric, Natural Gas
- School District
- Puyallup
- Total Monthly Income
- $35,690
- Gross Scheduled Income
- $428,280
- Vacancy Rate
- 5
- Gross Adjusted Income
- $406,866
- Tax Year
- 2024
- Insurance Expense
- $11,563
- W/S/G Expenses
- $1,912
- Total Expenses
- $110,809
- Net Operating Income
- $296,057
- Gross Rent Multiplier
- 12.84
- Cap Rate
- 5.38
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.