1404 NW 12th Avenue, Puyallup, WA 98371
- $695,000
- 2,034
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: Skyline Properties, Inc..
- Sold Price
- $695,000
- List Price
- $695,000
- Status
- SOLD
- MLS#
- 2311959
- Closing Date
- Dec 20, 2024
- Days on Market
- 1
- Style
- 52 - Duplex
- Building Condition
- Remodeled
- Finished SqFt
- 2,034
- Area Total SqFt
- 2034
- Annual Tax Ammount
- 5795
- Lot Size (sq ft)
- 11,475
- Sewer
- Sewer Connected
Property Description
Rent-ready duplex on a quiet street in prime Puyallup neighborhood. Both units are vacant and updated making this the perfect house hack, or multi-generational home, or just an all-around solid investment! Identical side-by-side units boast spacious open floorplans, 3 beds/1.5 baths, full kitchens, garages & large yard w/ patio. 1402 had a studs out remodel a couple years ago. Other improvements: newer exterior paint, windows, newer water heaters. Historically low vacancy & market rent: $2700 make for an almost 7.5% proforma cap rate! Don't miss out on your opportunity to be an investor and hand pick your own tenants.
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Additional Information
- List Date
- 2024-12-19 00:00:00
- Community
- Puyallup Valley
- Net Operating Income
- $51,358
- Gross Adjusted Income
- $63,072
- Gross Scheduled Income
- $64,320
- Total Monthly Income
- $5,360
- Insurance Expenses
- $1,590
- Water/Sewer/Garbage Expenses
- $1,983
- Gross Rent Multiplier
- 11
- Total Expenses
- $11,714
- Cap Rate
- 7.5
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 1404
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Fenced-Partially, Patio
- Other Expenses
- 2346
- Energy Source
- Electric
- School District
- Puyallup
- Total Monthly Income
- $5,360
- Gross Scheduled Income
- $64,320
- Vacancy Rate
- 2
- Gross Adjusted Income
- $63,072
- Tax Year
- 2024
- Insurance Expense
- $1,590
- W/S/G Expenses
- $1,983
- Total Expenses
- $11,714
- Net Operating Income
- $51,358
- Gross Rent Multiplier
- 11
- Cap Rate
- 7.5
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.