Listing ID: 2038005
Sold For: $1,735,000
Status: Closed
Address: 6608 106th Street Ct E
City: Puyallup
State: Washington
Postal Code: 98373
SqFt: 6,000
Acres: 0.558
County: Pierce
Puyallup
WA
98373
The Summit Apartments is a fully renovated eight-unit apartments complex, located in Puyallup. Over the past years, current ownership has performed a complete int & ext reno of the property, making Summit Apartments a true turnkey asset. The unit mix is comprised of all two bedroom/one-bath units & each unit is approximately 750SF. The units feature kitchens w/stainless steel (most units) appliances, Formica countertops, solid wood cabinets & tiled backsplashes (most units). Units also include vinyl plank floors, baseboard heating, updated baths, new trim/paint, door packages, W/D's & walk-up decks for the second story units. Ext renovations included new siding & paint, roofs, windows, resealed the parking lot (12 stalls) & updated septic's
Primary Features
County:
Pierce
Property Sub Type:
Multi-Family
Property Type:
Residential Income
Subdivision:
Puyallup
Year Built:
1976
Interior
Building Area Units:
Square Feet
Flooring:
Ceramic Tile, Vinyl Plank
Furnished:
Unfurnished
Interior Features:
Ceramic Tile
Living Area Units:
Square Feet
Stories Total:
1
External
Elevation Units:
Feet
Exterior Features:
Cement Planked
Lot Features:
Dead End Street, Paved
Lot Size Square Feet:
24300
Lot Size Units:
Square Feet
MLS Lot Size Source:
Title
Number Of Units Total:
8
Open Parking Spaces:
12
Parking Total:
12
Parking Uncovered Spaces:
12
Roof:
Torch Down
Sewer:
Septic Tank
Sewer Company:
N/A - Septic
Structure Type:
Multi Family
Style Code:
55 - 5-9 Units
Units Below Grade:
false
Units In Building Total:
8
Water Company:
Fruitland Mutual Water Co
Water Sewer Garbage:
13231
Water Source:
Public
Location
Building Area Total:
6000
Country:
US
High School District:
Puyallup
MLS Area Major:
87 - Puyallup
View:
Territorial
Waterfront:
no
Zoning Class:
Multi-Family,Residential
Additional
Mls Status:
Sold
Offers:
Seller intends to review offers upon receipt
Possible Use:
Multi-Family, Residential
Power Company:
PSE
Power Production Type:
Electric
Preliminary Title Ordered:
yes
Show Map Link:
yes
Site Features:
Cable TV, High Speed Internet, Patio
Financial
Buyer Financing:
Conventional
Cap Rate:
5.15
Gross Adjusted Income:
142472
Gross Rent Multiplier:
13
Gross Scheduled Income:
149970
Insurance Expense:
3073
Leasable Area:
6000
Leasable Area Units:
Square Feet
Leased Items:
None
Net Operating Income:
100418
Other Expense:
16842
Possession:
Closing, Tenant's Rights
Sale Type:
MLS
Seller Disclosure:
Not Provided
Special Listing Conditions:
None
Tax Annual Amount:
10426
Tax Year:
2022
Total Expenses:
43572
Total Monthly Income:
12498
Vacancy Rate:
5
Zoning Info
Area Info
Based on information submitted to the MLS GRID as of Thursday, March 28th, 2024 06:50:39 PM. 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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