LISTING DETAILS

Salmon Creek Apartments

5011 157th Ave CT E Sumner WA 98390

Listing #: 670100 | Status: Pending | Last Modified: 5/14/2024

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income186,509
Vacancy Factor %5.00%
Operating Expenses49,523
Net Operating Income127,660
CAP Rate6.09 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate6.088
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units8
Total Building SF6,720 SF
Net Rentable Area6,720 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF23,958 SF
Acres0.55
Year Built1989
Year Renovated2022
Construction TypeWood
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyPierce
Market AreaPuyallup/Sumner
Tax ID #0520196020
ZoningLDR-4
Parking Information
#Covered Spaces0
# Uncovered Spaces17
Total Parking Spots17

Salmon Creek Apartments

Public Comments

ASSUMABLE LOAN WITH 4.38% RATE DUE JAN 2030!! The Salmon Creek Apartments is a fully renovated eight-unit apartment building, located at 5011 157th Avenue Court East in Sumner, Washington. The property was originally built in 1989 and is comprised of wood framed construction, a mix of PEX and polybutylene plumbing, copper wiring, T1-11 cedar siding, and a pitched composition roof, which was replaced about 6 years ago with 30-year shingles. Over the past few years current ownership has performed complete high-end interior and exterior renovation of the asset. Exterior renovations included installing all new double vinyl pane windows, improved landscaping, and resurfacing and restriping the parking lot and driveway. The exterior of the property was painted shortly before the current ownershi

Public Building Comments

All 2 bedroom, with washers & dryers, dishwasher, disposal, thermopane windows.

Salmon Creek Apartments
5011 157th Ave CT E Sumner WA 98390

Listing #: 670100 | Status: Pending | Listing Date: 8/7/2023 | Last Modified: 5/14/2024 | Email Listing

For Sale

Salmon Creek Apartments

Listing Images