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31227244
31227232

921 12th Ave SE, Puyallup, WA 98372

AL
WA 107646
The Foundation Group
Listed by The Foundation Group
$4,550,000
73 days on market
Updated 31 days ago

Lindale

Details
APN 0420345027
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,456
Net Rentable (SqFt) 17,456
Units 24
Cap Rate 6.4%
NOI $291,161
Occupancy 100%
Pro-Forma Cap Rate 7.19%
Pro-Forma NOI $327,239
Price per SqFt $261
Broker Co-Op Yes
Year Built 1973
Buildings 3
Stories 2
Lot Size (SqFt) 52,666
Investment Type Stabilized

Multifamily | 24 Units

Marketing description

The Foundation Group is pleased to present Lindale Apartments, a 24-unit multifamily community located in a quiet residential neighborhood of Puyallup within Pierce County. The property offers a well-balanced mix of one- and two-bedroom units designed to appeal to a broad renter base, including individuals, couples, and small families.

Ideally positioned just minutes from Downtown Puyallup, the property provides convenient access to local shopping, dining, and everyday services, along with major destinations such as MultiCare Good Samaritan Hospital and South Hill Mall. The property went through an interior renovation in 2016 and has been meticulously maintained on unit turns, featuring renovated units with modern finishes that enhance tenant appeal.

Listing Contacts

AL
WA 107646
The Foundation Group
Listed by The Foundation Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$291,161.00
$24,263.42/mo

Valuation Metrics

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DSCR
6.4%
Cap Rate
6.4%
ROI

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