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… Read More 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 6.03% would be raised to 7.28%! DO NOT DISTURB TENANTS Read Less
Listing courtesy of Lumin Brokers of Washington
Listing Snapshot
Cumulative Days On Market
351
Days on Website
351
Last Updated
Property Type
Multi Family
Square Ft.
18,594
Lot Size
0.54 Acres
Year Built
1963
Property Tax
$40,279
MLS Number
2403003
30 Days Snapshot Of 98372
$612k
+21%
(avg) sold price
18
-5%
homes sold
86
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 18594, Building Area Units: Square Feet, Calculated Square Footage: 18594, Elevation Units: Feet, Leasable Area: 18594, Living Area: 0, Number Of Units Total: 21, Stories Total: 2, Structure Type: "Multi Family", Units In Building Total: 21, Year Built: 1963, Year Built Effective: 1988
Sewer: "Sewer Connected", Sewer Company: City of Puyallup
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Company: Puget Sound Energy, Power Production Type: "Electric", Water Company: City of Puyallup, Water Source: "Public"
Based on information submitted to the MLS GRID as of . 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. Listings last updated on ,
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