Listed by Aqua, Bought with Toril Sells Houses Team
NOT LISTED FOR SALE

1103 Thompson St Sumner, WA 98390

-- Bed
-- Bath
6,380 Sq Ft
0.32 Acres

Last Sold June 04, 2021

Last sale price $1,410,000 $221 Per Sq Ft

3 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Wood Siding
  • Maple Lawn Elementary School Rated A-
  • Open Space
  • 3-minute walk to Loyalty Park

About This Home

As of June 2021

Rare investment OPPORTUNITY awaits in the heart of Sumner. This 6380 square foot 8-Plex sits on a 0.32 acre lot and features: Two 2-Bd, 1-Ba and 1050 Sqft and six 1-Bd, 1-Ba and 870 sqft. Close to all the restaurants, cafes, bars, library, retails, Parks and transit. Several options possible with this prime location: 1. Enhancing the aesthetics of the building, increase rents 2. Continue to maintain the property as-is and collect consistent Income. 9687$ monthly gross income. Two units have washer and dryer, for the rest coin laundry room available on the first floor for your additional income. Corner lot, very close to transit.

Last Agent to Sell the Property

Mihail Gutu

Aqua License #118348 Listed on: 02/14/2021

Last Buyer's Agent

Toril Schoepfer

Toril Sells Houses Team License #23304

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1730600

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,773

Year Built

  • Built in 1968

Lot Details

  • 0.32 Acre Lot
  • Open Space
  • Corner Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 6,380 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 10 Parking Spaces
  • Open Parking

Schools

  • Maple Lawn Elementary School
  • Sumner Middle School
  • Sumner Snr High School

Community Details

  • Sumner Valley Subdivision

Listing and Financial Details

  • Legal Lot and Block F / 7
  • Assessor Parcel Number 906000-013-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,773

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6380
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Bring your investors
  • Special Features: None
  • Cumulative Days on Market: 368

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • Lot Features: Corner Lot, Open Space
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Puget sound Energy
  • SewerCompany: City of Sumner
  • WaterCompany: City of Sumner
  • WaterSewerGarbage: 5550

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Sumner-Bonney Lake
  • High School: Sumner Snr High
  • Middle Or Junior School: Sumner Middle

Lot Info

  • Parcel Number: 906000-013-0
  • Lot Size Acres: 0.3204
  • Lot Size: 13,956
  • Lot Size Sq Ft: 13956
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningClass: Commercial,Multi-Family
  • LotNumber: F

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1
  • LeasedItems: None
  • TotalMonthlyIncome: 9687

Multi Family

  • Gross Scheduled Income: 116244
  • Net Operating Income: 88644
  • Number Of Units Total: 8
  • Electric Expense: 7800
  • Insurance Expense: 2234
  • Leasable Area: 6380
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6773

MLS Schools

  • Elementary School: Maple Lawn Elem

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $1,410,000 -2.8% $221 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
02/14/2021 02/14/21 For Sale $1,450,000 -- $227 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1730600

Northwest Multiple Listing Service (NWMLS)