403 43rd Avenue SW Unit #1234, Puyallup, WA 98373

$1,050,000
4,440
SqFt

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Listing courtesy of Dove Realty, Inc.. Selling Office: Multifamily Properties.

Sold Price
$1,050,000
List Price
$1,125,000
Status
SOLD
MLS#
2330583
Closing Date
Mar 18, 2025
Days on Market
5
Style
54 - 4-Plex
Finished SqFt
4,440
Area Total SqFt
4440
Annual Tax Ammount
8510
Internet Provider
Xfinity
Lot Size (sq ft)
14,040
Sewer
Septic Tank

Property Description

Wonderful 4-plex in prime location South Hill/Puyallup. Bring all offers. Add this profitable 4 plex to your portfolio or House Hack opportunity to live in one unit and rent out 3. Excellent cash flow opportunity with rents below market. Happy long term tenants. All units are Townhouse style. Each unit boasts a huge primary BR with double full size closets and a covered balcony off the primary. BR 2 also has 2 closets. Large full bathroom complete the rooms on the upper. Non Smoking Building over 15 years. Windows and sliders have been updated. Durable single-ply/metal roof. 2+3 have been updated 1+4 long term tenants. It's rare to find a 4-plex in Puyallup/South Hill, don't miss it. Pre-Listing Inspection report available upon request.

Additional Information

List Date
2025-03-13 00:00:00
Community
South Hill
Net Operating Income
$48,940
Gross Adjusted Income
$66,900
Gross Scheduled Income
$66,900
Total Monthly Income
$5,575
Insurance Expenses
$4,194
Water/Sewer/Garbage Expenses
$5,256
Gross Rent Multiplier
16.8
Total Expenses
$17,960
Cap Rate
4.4
Vacancy Rate
2
Total Number of Units
4
Unit Name
403
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1972
Roof
Flat, Metal
Energy Source
Electric
School District
Puyallup
Total Monthly Income
$5,575
Gross Scheduled Income
$66,900
Vacancy Rate
2
Gross Adjusted Income
$66,900
Tax Year
2024
Insurance Expense
$4,194
W/S/G Expenses
$5,256
Total Expenses
$17,960
Net Operating Income
$48,940
Gross Rent Multiplier
16.8
Cap Rate
4.4
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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