$4,599,900
219 5th Avenue NE, Puyallup, WA 98372
18,594 Sq Ft
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MLS #2403003 / Listing provided by NWMLS .

$4,599,900

219 5th Avenue NE
Puyallup, WA 98372

Active 1 day ago
18,594
Sq Ft
$247
Per Sq Ft
1963
Year Built

Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 5.97% would be raised to 7.20%!

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0
  • Possible Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Parking Total: 20
  • Uncovered Parking Spaces: 20
  • Open Parking Spaces: 20

Structure

  • Roof: Composition
  • Exterior Features: Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 0.5353
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Puyallup

Lot Details

  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 0.5353
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric
  • Power Company: Puget Sound Energy

Water, Sewer, and Garbage

  • Sewer Company: City of Puyallup
  • Sewer: Sewer Connected
  • Water Company: City of Puyallup
  • Water Source: Public
  • Water, Sewer, and Garbage: 42000
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Sarah Gelman

Sarah Gelman
Broker | REALTOR®

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