Lumin Brokers of Washington
About 219 5th Avenue Ne
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 6.00% would be raised to 7.24%! DO NOT DISTURB TENANTS
Features of 219 5th Avenue Ne
| MLS® # | 2403003 |
|---|---|
| Price | $4,574,900 |
| Bathrooms | 0.00 |
| Square Footage | 18,594 |
| Acres | 0.54 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 219 5th Avenue Ne |
|---|---|
| Area | 83 - Puyallup |
| Subdivision | Downtown |
| City | Puyallup |
| County | Pierce |
| State | WA |
| Zip Code | 98372 |
Amenities
| Parking Spaces | 20 |
|---|---|
| View | Territorial |
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Wood Products |
|---|---|
| Lot Description | Corner Lot, Curbs, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Puyallup |
|---|
Additional Information
| Days on Market | 108 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Lumin Brokers of Washington |
|---|