Bought with RSVP Real Estate-ERA Powered
$684,000
$684,000
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1507 Wood AVE E Sumner, WA 98390
2,381 SqFt
Key Details
Sold Price $684,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,381 sqft
Price per Sqft $287
Subdivision Sumner
MLS Listing ID 2146985
Style 53 - Tri-plex
Year Built 1963
Annual Tax Amount $6,648
Lot Size 0.331 Acres
Property Description
Triplex with plenty of potential! This triplex provides a great opportunity for investors or House hackers (owner-occupy). The property is situated in a desirable location, close to amenities and transport links, making it an ideal investment opportunity. The layout is unique and includes a duplex in the front and a standalone house at the back of the property. While the property may require some work to bring it up to its full potential, it's an excellent opportunity for those willing to put in the effort. You have a headstart on the house, old flooring has been removed & Killz/paint has been applied to floors walls, and ceiling. After rehab, the pro forma cap rate is 8%. Roof replacement: House 2018, Duplex 2020
Location
State WA
County Pierce
Area 74 - Sumner
Interior
Flooring Laminate, Vinyl, Carpet
Exterior
Exterior Feature Brick, Wood, Wood Products
Amenities Available Outbuildings, RV Parking
Waterfront No
View Y/N No
Roof Type Built-Up,Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Daffodil Vly Elem
Middle Schools Sumner Middle
High Schools Sumner Snr High
School District Sumner-Bonney Lake
Others
Acceptable Financing Cash Out, Conventional, FHA, VA Loan
Listing Terms Cash Out, Conventional, FHA, VA Loan
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.