415 415 1/2 2nd Street NW, Puyallup, WA 98371

$400,000
1,498
SqFt

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Listing courtesy of Terrafin. Selling Office: Premier Real Estate Partners.

Sold Price
$400,000
List Price
$425,000
Status
SOLD
MLS#
2310155
Closing Date
Feb 14, 2025
Days on Market
56
Style
52 - Duplex
Building Condition
Fixer
Finished SqFt
1,498
Area Total SqFt
1498
Annual Tax Ammount
3437
Lot Size (sq ft)
5,663
Sewer
Sewer Connected

Property Description

Price Reduction!! Great Downtown Puyallup location! TWO Separate homes on one parcel. Cute Craftsman style homes for those looking to renovate and unlock the boundless potential offered with this property. Power is metered separately, separate yards and great little floor plans. After renovation live in one home, rent out the other. Perfect for the first time investor or once you repair and update the property, possibly a quaint downtown AirBnB. Enjoy the Downtown Vibe with its many restaurants, shops, and endless activities including the WA State Fair without getting into a car. Stones throw to the Sounder Station great for commuters. Bring your ideas and tool belt and unleash your creativity

Additional Information

List Date
2024-12-20 00:00:00
Community
Downtown
Net Operating Income
$12,323
Gross Adjusted Income
$19,200
Gross Scheduled Income
$1,600
Total Monthly Income
$1,600
Insurance Expenses
$1,640
Water/Sewer/Garbage Expenses
$1,800
Gross Rent Multiplier
27.6
Total Expenses
$6,877
Cap Rate
2
Vacancy Rate
100
Total Number of Units
2
Unit Name
415 415 1/2
Potential Terms
Cash Out, Conventional, Rehab Loan, See Remarks
Year Built
1920
Roof
Composition
Site Features
Deck, Fenced-Partially, Gas Available, Patio
Energy Source
Electric, Natural Gas
School District
Puyallup
High School
Puyallup High
Total Monthly Income
$1,600
Gross Scheduled Income
$1,600
Vacancy Rate
100
Gross Adjusted Income
$19,200
Tax Year
2024
Insurance Expense
$1,640
W/S/G Expenses
$1,800
Total Expenses
$6,877
Net Operating Income
$12,323
Gross Rent Multiplier
27.6
Cap Rate
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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