7316 River Rd E, Puyallup, WA 98371

$750,000
4,512
SqFt

Listing courtesy of Compass Washington.

List Price
$750,000
Status
ACTIVE
MLS#
1622391
Days on Market
8
Style
55 - 5-9 Units
Building Condition
['Average']
Finished SqFt
4,512
Lot Size (sq ft)
13,500

Property Description

The River Road Apartments feature 7 units including: 3 2BR units, 3 1BR units, and one studio apt. Other features include 100 ft of River Rd. frontage, private well and septic, private storage and ample parking. Zoned MUD and surrounded by commercial properties. Many possibilities. Features newer electrical panels, newer roof, and newer septic systems. Property is located just 10 minutes from I-5 and Tacoma. Laundromat 1.5 mi. away. Priced for current condition. Very low turnover. Call today!

Additional Information

List Date
2020-06-29 00:00:00
Community
Puyallup
Property Type
MULT
Units
7
Stories
2
Potential Terms
Assumable, Cash Out, Owner Financing
Year Built
1950
Total Parking
20
Uncovered Parking
20
View
River
Exterior
Wood
Roof
Cedar Shake, Flat
School District
Puyallup
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,200
Gross Scheduled Income
$74,400
Gross Adjusted Income
$74,400
Annual Taxes
$6,758
Tax Year
2020
Insurance Expense
$3,372
W/S/G Expenses
$5,401
Total Expenses
$15,836
Net Operating Income
$58,564
Gross Rent Multiplier
10
Cap Rate
7

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
500
Unit 1 Rent
$850
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
700
Unit 2 Rent
$1,100
Unit 3 Baths
1.00
Unit 3 Size
300
Unit 3 Rent
$800
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
700
Unit 4 Rent
$1,000
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
700
Unit 5 Rent
$1,000
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
500
Unit 6 Rent
$600
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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