Description
The Eleventh Street Apartments is an 8-unit complex that is turn-key and within walking distance to shops, restaurants, employers, The Puyallup Fair, and provides easy access to the growing South Hill retail corridor. The complex has 0% vacancy and was substantially updated in 2016, including a new roof. All units are large 2-bedroom, single-story floor plans that come with a W/D in the suite, carport, and massive open patio areas. The unique garden-style layout provides a single-family property feel. Currently, operates near a 6% CAP rate, with potential for increased rent revenue. The monthly utility bill-back amounts to $1,227 (pets $75, water/sewer $552, and lawn service $600). Tenants are responsible for paying power and garbage.
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0BEDS
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1.17ACRES
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0BATHS
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01/2 BATHS
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7,040SQFT
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$340$/SQFT
School Information
Listing information ©2023 Northwest MLS. Listing courtesy of Re/Max Northwest.
Sold by .Description
The Eleventh Street Apartments is an 8-unit complex that is turn-key and within walking distance to shops, restaurants, employers, The Puyallup Fair, and provides easy access to the growing South Hill retail corridor. The complex has 0% vacancy and was substantially updated in 2016, including a new roof. All units are large 2-bedroom, single-story floor plans that come with a W/D in the suite, carport, and massive open patio areas. The unique garden-style layout provides a single-family property feel. Currently, operates near a 6% CAP rate, with potential for increased rent revenue. The monthly utility bill-back amounts to $1,227 (pets $75, water/sewer $552, and lawn service $600). Tenants are responsible for paying power and garbage.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-06-09T00:15:39.523. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-06-09T00:15:39.523. 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.