Puyallup, WA 98372,219 5th AVE NE
Puyallup, WA 98372,219 5th AVE NE
Puyallup, WA 98372,219 5th AVE NE
23
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Listed by Lumin Brokers of Washington Rich Kim 
$4,574,900
Est. payment /mo
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42 Beds
21 Baths
18,594 SqFt
Active

219 5th AVE NE Puyallup, WA 98372

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RE/MAX Whatcom County RE/MAX Gateway

RE/MAX Whatcom County RE/MAX Gateway

+1(360) 647-1313

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,594 sqft

Price per Sqft $246

Subdivision Downtown

MLS Listing ID 2403003

Style 56 - 10+ Units

Bedrooms 42

Year Built 1963

Annual Tax Amount $40,279

Lot Size 0.535 Acres

Property Sub-Type Multi Family

Property 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 6.00% would be raised to 7.24%! DO NOT DISTURB TENANTS

Location

State WA

County Pierce

Area 83 - Puyallup

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

Amenities Available Cable TV, Fenced-Partially

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Puyallup

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Virtual Tour https://home.quickpictours.com/videos/0197c74a-a257-7161-91fa-1bbfe27d74af

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Woodland Elementary School

    Public | KG - 6

  • 7

    Fruitland Elementary School

    Public | PK - 6

  • 7

    Shaw Road Elementary School

    Public | KG - 6

  • 7

    Spinning Elementary School

    Public | KG - 6

  • 7

    Stewart Elementary School

    Public | PK - 6

  • 6

    Maplewood Elementary School

    Public | PK - 6

  • 6

    Northwood Elementary School

    Public | PK - 6

  • 5

    Sunrise Elementary School

    Public | PK - 6

  • 5

    Meeker Elementary School

    Public | KG - 6

  • 5

    Karshner Elementary School

    Public | PK - 6

  • 5

    Mt View Elementary School

    Public | PK - 6

  • 4

    Wildwood Elementary School

    Public | PK - 6

  • 0

    Knowledge Learning Corp

    Private | PK - TKG

  • 0

    Northwest Christian School

    Private | PK - 8

  • 0

    Cascade Christian - Puyallup Elementary School

    Private | KG - 6

  • 0

    All Saints Elementary School

    Private | PK - 8

  • 0

    Quest

    Public | KG - 6

  • 0

    Puyallup Parent Partnership Program

    Public | KG - 8

  • 0

    Psd Special Services

    Public | PK - 12

  • 0

    Phoenix Program

    Public | KG - 12

Middle Schools 6
  • 7

    Kalles Junior High School

    Public | 7 - 9

  • 5

    Ferrucci Jr High School

    Public | 7 - 9

  • 4

    Aylen Jr High School

    Public | 7 - 9

  • 4

    Edgemont Jr High School

    Public | 7 - 9

  • 1

    Walker High School

    Public | 8 - 12

  • 0

    Cascade Christian -Junior High/High School

    Private | 7 - 12

High Schools 2
  • 7

    Puyallup High School

    Public | 10 - 12

  • 1

    Open Doors

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

RE/MAX Whatcom County RE/MAX Gateway

RE/MAX Whatcom County RE/MAX Gateway

Broker/Owner | License ID: 14060

+1(360) 647-1313

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219 5th AVE NE