13506 13508 113th Avenue E, Puyallup, WA 98374
- $635,000
- 1,936
- SqFt
Listing courtesy of Windermere Professional Prtnrs. Selling Office: John L. Scott, Inc..
- Sold Price
- $635,000
- List Price
- $610,000
- Status
- SOLD
- MLS#
- 2266649
- Closing Date
- Aug 22, 2024
- Days on Market
- 7
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,936
- Area Total SqFt
- 1936
- Annual Tax Ammount
- 6274
- Lot Size (sq ft)
- 32,234
- Sewer
- Septic Tank
- Offer Review Date
- 2024-07-24
Property Description
Well maintained duplex with Large 30x40 shop with 3 garage doors and 200 amp service currently used by owner. Owner to rent garage after closing for $600 m/m + utilities for up to 3 months. Duplex units have Continental baths, fireplaces with inserts, washer and dryer hookups and very functional floor plans. Unit 13508 more updated than 13506. Rents are currently below market value due to long term tenancy, pro forma rents of $1600 per duplex unit and $600 for shop per month would calculate, with current expenses and list price, at ~6% cap rate. Multiple offers received ** review date July, 24th at 1:00 PM.**
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Additional Information
- List Date
- 2024-08-15 00:00:00
- Community
- South Hill
- Net Operating Income
- $26,920
- Gross Adjusted Income
- $35,880
- Gross Scheduled Income
- $35,880
- Total Monthly Income
- $2,990
- Insurance Expenses
- $886
- Water/Sewer/Garbage Expenses
- $1,380
- Gross Rent Multiplier
- 16.86
- Total Expenses
- $8,960
- Cap Rate
- 4.5
- Total Number of Units
- 3
- Unit Name
- 13506 13508
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1978
- Roof
- Composition
- Site Features
- Cable TV, Disabled Access, Fenced-Partially, Gas Available, Outbuildings, Patio, RV Parking, Shop
- Electric Expenses
- 420
- Energy Source
- Natural Gas, Wood
- School District
- Puyallup
- Total Monthly Income
- $2,990
- Gross Scheduled Income
- $35,880
- Gross Adjusted Income
- $35,880
- Tax Year
- 2024
- Insurance Expense
- $886
- W/S/G Expenses
- $1,380
- Total Expenses
- $8,960
- Net Operating Income
- $26,920
- Gross Rent Multiplier
- 16.86
- Cap Rate
- 4.5
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.