Average square foot calculated using Size range provided by listing agent.
Description
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%!Show Description
MLS® Number2403003
Laundry Level
Central VacNo
FireplaceNo
Acreage0.5353
ExteriorWood Products
GarageNo
Approx. Age1963
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone
Heating Fuel
Extras
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