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5011 157th Ave CT E Sumner WA 98390
Listing #: 670100 | Status: Pending | Last Modified: 5/14/2024
Showing Instructions | |
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Call Listing Agent | No |
Use Discretion | No |
Investment Information | |
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Investment Prop | Yes |
Gross Income | 186,509 |
Vacancy Factor % | 5.00% |
Operating Expenses | 49,523 |
Net Operating Income | 127,660 |
CAP Rate | 6.09 % |
Detail Listing Information | |
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Min Total SF | 0 SF |
Max Total SF | 0 SF |
Lease Rate Low | $ 0.00 |
Lease Rate High | $ 0.00 |
Retail Information | |
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Signage | Signage on Building and Freestanding |
Financial Summary | |
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CAP Rate | 6.088 |
Building Information | |
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Building Status | Existing |
# of Buildings | 1 |
# of Floors | 2 |
# of Units | 8 |
Total Building SF | 6,720 SF |
Net Rentable Area | 6,720 SF |
Total Office SF | 0 SF |
Largest Contiguous SF | 0 SF |
Lot SF | 23,958 SF |
Acres | 0.55 |
Year Built | 1989 |
Year Renovated | 2022 |
Construction Type | Wood |
Property Type | |
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Property Type | Multi-Family |
Investment | Yes |
Location | |
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County | Pierce |
Market Area | Puyallup/Sumner |
Tax ID # | 0520196020 |
Zoning | LDR-4 |
Parking Information | |
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#Covered Spaces | 0 |
# Uncovered Spaces | 17 |
Total Parking Spots | 17 |
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
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