802 7th Street SW
Puyallup,
WA $2,850,000
Valley Green Apts are a single story meticulously maintained 12 unit community w/all 2 bedroom 1 bathroom units. Considerable upside w/under market rents & building lot for 1-3 units. Ea unit is 868 sf & features open kitchen/dining, spacious living room, comfortable size bedrooms, laundry hook-ups & tons of storage. Units are metered for power and water and have tenant maintained private & fenced back yards w/patios. Located in the heart of Puyallup, they are walking distance to the Sounder Train, Fair Grounds, bus lines, Good Sam Hospital, shopping and several restaurant & coffee shops. Hwy 512 & 167 provide tenants convenient access to Seattle, Kent, Tacoma and Auburn Valley. A Gem of Puyallup w/waiting list of desiring tenants.
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Listing ID1798797
Sold For$2,850,000
StatusClosed
Sold Date8/31/2021
SqFt
10,416
Acres
1.192
CountyPierce
SubdivisionPuyallup
Year Built1975
Property TypeResidential Income
Property Sub TypeMulti-Family
County
Pierce
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Puyallup
Year Built
1975
Building Area Units
Square Feet
Flooring
Vinyl, Carpet
Furnished
Unfurnished
Heating Cooling Type
Baseboard
Living Area Units
Square Feet
Stories Total
1
Carport Spaces
12
Elevation Units
Feet
Exterior Features
Wood, Wood Products
Foundation Details
Poured Concrete
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Lot Size Dimensions
310 x 152
Lot Size Square Feet
51920
Lot Size Units
Square Feet
MLS Lot Size Source
Public Records
Number Of Units Total
12
Open Parking Spaces
30
Parking Total
42
Parking Uncovered Spaces
30
Roof
Composition
Sewer
Sewer Connected
Sewer Company
Puyallup PUD
Structure Type
Multi Family
Style Code
56 - 10+ Units
Units Below Grade
false
Units In Building Total
12
Utilities
High Speed Internet, Sewer Connected, Electricity Available
Water Company
Puyallup PUD
Water Sewer Garbage
12770
Water Source
Public
Building Area Total
10416
Building Name
43 MAPLEWOOD
Country
US
Elementary School
Buyer To Verify
High School
Buyer To Verify
High School District
Puyallup
Middle Or Junior School
Buyer To Verify
MLS Area Major
81 - Puyallup
View
City, Territorial
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Amenities
Thermal Windows
Effective Year Built Source
Public Records
First Right Of Refusal
no
Green Energy Efficient
Thermal Windows
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family
Power Company
Puget Sound Energy
Power Production Type
Electric
Preliminary Title Ordered
yes
Property Condition
Good
Show Map Link
yes
Site Features
Fenced-Partially, High Speed Internet, Outbuildings, Patio
Year Built Effective
1990
Buyer Financing
Conventional
Cap Rate
4.5
Electric Expense
350
Gross Adjusted Income
173477
Gross Rent Multiplier
17
Gross Scheduled Income
163140
Insurance Expense
4785
Leasable Area
10416
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
122921
Other Expense
14816
Possession
Closing
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
17835
Tax Year
2021
Total Expenses
50556
Total Monthly Income
173477
Vacancy Rate
2
Schedule a Showing - Listing ID 1798797
Schedule a Showing
Schedule a Showing - Listing ID 1798797
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