Listed by Windermere RE/Capitol Hill,Inc, Bought with Northmarq Multifamily, LLC
NOT LISTED FOR SALE

1204 7th Ave SE Unit 1206 Puyallup, WA 98372

Estimated Value: $617,000 - $708,000

4 Beds
2 Baths
1,770 Sq Ft
$370/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $1,685,000 $952 Per Sq Ft

Current estimated payment $3,845/month

17 Days on Market

Highlights

  • 0.74 Acre Lot
  • Deck
  • Thermal Windows
  • Puyallup High School Rated A-
  • Territorial View
  • Patio

About This Home

As of December 2021

Rare opportunity to own a turn-key, 8-unit complex (4 duplexes) so close to downtown Puyallup's shops, restaurants and business core. The Fair grounds are nearby, too! Each of the units are spacious at 885 sqft and feature 2 bedrooms, 1 bathroom, in-unit laundry room with hook-ups, private patio or deck and fenced backyard. Interior access to their own separate single car garages with additional off-street parking. Updated windows and siding on all units, recently paved driveway. Long-term tenants and currently operating near 3% Cap rate affords significant upside potential.

Last Agent to Sell the Property

Jeff Parker

Windermere RE/Capitol Hill,Inc License #23710 Listed on: 09/17/2021

Windermere RE/Capitol Hill,Inc

Last Buyer's Agent

Steve Fischer

Northmarq Multifamily, LLC License #87455

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1839008

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,721

Year Built

  • Built in 1970

Lot Details

  • 0.74 Acre Lot
  • Partially Fenced Property

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 22 Parking Spaces
  • 8 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7845001321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,721

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1970
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking Spaces: 14
  • Open Parking: Yes
  • Total Parking Spaces: 22
  • ParkingUncoveredSpaces: 14

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Puyallup
  • WaterCompany: City of Puyallup
  • WaterSewerGarbage: 13123

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 7845001321
  • Lot Size Acres: 0.7397
  • Lot Size Sq Ft: 32220
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: None
  • TotalMonthlyIncome: 7500

Multi Family

  • Gross Scheduled Income: 90000
  • Net Operating Income: 53724
  • Number Of Units Total: 8
  • Insurance Expense: 4200
  • Leasable Area: 7080
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 15721

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2022
Sold by
Puyallup Flats Llc
Bought by
1218 Puyallup Llc
Current Estimated Value
$654,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,614,000
Interest Rate
7.44%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1218 Puyallup Llc $2,340,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1218 Puyallup Llc $1,614,000
Previous Owner Puyallup Flats Llc $570,000
Previous Owner Puyallup Flats Llc $985,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Sold $1,685,000 -6.4% $952 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $1,800,000 0.0% $1,017 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $1,800,000 -- $1,017 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,660 $522,000 $212,400 $309,600
2024 $4,660 $502,700 $197,800 $304,900
2023 $4,660 $471,200 $191,600 $279,600
2022 $4,406 $456,600 $210,200 $246,400
2021 $3,891 $320,900 $132,300 $188,600
2019 $3,326 $295,500 $118,700 $176,800
2018 $3,322 $270,600 $103,900 $166,700
2017 $2,969 $239,400 $87,700 $151,700
2016 $2,584 $174,500 $60,300 $114,200
2014 $2,503 $169,000 $56,500 $112,500
2013 $2,503 $151,200 $48,400 $102,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1839008

Northwest Multiple Listing Service (NWMLS)

APN: 784500-1321