15715 63rd Street Ct E, Sumner, WA 98390

$720,000
2,661
SqFt

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Listing courtesy of FirstPoint Real Estate LLC. Selling Office: Realty One Group Turn Key.

Sold Price
$720,000
List Price
$759,950
Status
SOLD
MLS#
2405057
Closing Date
Aug 01, 2025
Days on Market
7
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,661
Area Total SqFt
2661
Annual Tax Ammount
8173
Lot Size (sq ft)
9,450
Sewer
Sewer Connected

Property Description

Great triplex in central location of the city of Sumner. These properties are almost always rented though they currently are under rented. Time for a new owner. Current owner wanting to do a 1031 exchange into another property. Two of the 3 units have been more recently remodeled. One was remodeled 10 years ago. The numbers showed are estimated for the rest of the year based on current rents and expenses of the first quarter averaged out for the full year. Photos are a few of the units from the past when vacant. Minutes away from the Sounder Station for easy commute to Seattle or Tacoma. The YMCA is within walking distance. Large lot offers possibilities.

Additional Information

List Date
2025-07-25 00:00:00
Community
Sumner
Net Operating Income
$30,019
Gross Adjusted Income
$45,027
Gross Scheduled Income
$45,027
Total Monthly Income
$3,752
Insurance Expenses
$2,373
Water/Sewer/Garbage Expenses
$3,972
Gross Rent Multiplier
17
Total Expenses
$15,006
Cap Rate
4
Total Number of Units
3
Unit Name
15715
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1981
Roof
Composition
Site Features
Cable TV
Electric Expenses
488
Energy Source
Electric
School District
Sumner-Bonney Lake
Total Monthly Income
$3,752
Gross Scheduled Income
$45,027
Gross Adjusted Income
$45,027
Tax Year
2025
Insurance Expense
$2,373
W/S/G Expenses
$3,972
Total Expenses
$15,006
Net Operating Income
$30,019
Gross Rent Multiplier
17
Cap Rate
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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