714 & 712 7th Street SW, Puyallup, WA 98371

$547,999
1,386
SqFt

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Listing courtesy of FirstPoint Real Estate LLC. Selling Office: Keller Williams Realty PS.

Sold Price
$547,999
List Price
$550,000
Status
SOLD
MLS#
2307322
Closing Date
Dec 30, 2024
Days on Market
4
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,386
Area Total SqFt
1386
Annual Tax Ammount
3447
Internet Provider
Xfinity
Lot Size (sq ft)
6,577
Sewer
Sewer Connected
Offer Review Date
2024-11-04

Property Description

This turn of the century home has been beautifully updated & includes a primary 2 BR home plus a separate studio ADU, perfect for 2 separate living spaces or rental income. The larger unit (714) includes a kitchen, full bath, family room & utility room on the main floor. Upstairs there are 2 bedrooms plus a bonus room, which could be used as a 3rd bedroom, office or playroom. The ADU unit (712) is all on main floor level & is a studio unit w/ a 3/4 bath, kitchen & living space. ADU is rented out at $90/night through Air BnB. Both units have newer ductless Heat Pumps for energy efficient Heat & A/C. Conveniently located within walking distance to Sparks Stadium, the Fair & quick access to freeways & commuter train. Pls do not disturb tenants

Additional Information

List Date
2024-12-26 00:00:00
Community
Downtown
Net Operating Income
$34,531
Gross Adjusted Income
$46,200
Gross Scheduled Income
$46,200
Total Monthly Income
$3,850
Insurance Expenses
$1,660
Water/Sewer/Garbage Expenses
$1,209
Gross Rent Multiplier
11.9
Total Expenses
$11,716
Cap Rate
6.2
Total Number of Units
2
Unit Name
714 & 712
Potential Terms
Cash Out, Conventional
Year Built
1900
Roof
Composition
Site Features
Cable TV, High Speed Internet, Outbuildings
Electric Expenses
900
Other Expenses
4000
Energy Source
Electric, Natural Gas
School District
Puyallup
High School
Puyallup High
Total Monthly Income
$3,850
Gross Scheduled Income
$46,200
Gross Adjusted Income
$46,200
Tax Year
2024
Insurance Expense
$1,660
W/S/G Expenses
$1,209
Total Expenses
$11,716
Net Operating Income
$34,531
Gross Rent Multiplier
11.9
Cap Rate
6.2
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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