Winsome Terrace | 4 Units | 6.25% CAP
2bed/1.5ba Units with W/D Hookups
Marketing description
Four-unit multifamily investment opportunity in Puyallup’s desirable South Hill neighborhood
Unit mix includes four spacious two-bedroom, 1.5-bath townhouse-style units
Each unit is approximately 1,110 square feet
One unit currently vacant, creating a strong opportunity for an owner-occupied buyer seeking potential residential financing options
Private back patios and second-floor decks for each unit
Wood-burning fireplaces in units
Recent major capital improvements include new roof and chimney stacks completed in 2024
Copper and ABS plumbing systems
Updated electrical panels
8 on-site parking spaces
Built in 1983 with stable operating history
Opportunity to place the vacant unit at market rent and continue stabilizing income
Value-add upside through strategic rent increases and renovation of the remaining legacy unit
Located near shopping, dining, schools, employment centers, and major commuter routes
Strong long-term investment opportunity in one of Pierce County’s growing rental markets
Investment highlights
Excellent investment opportunity in Puyallup’s desirable South Hill neighborhood. This well-maintained 4-unit multifamily property features four spacious two-bedroom, 1.5-bath townhouse-style units, each offering approximately 1,110 square feet, private back patios, second-floor decks, and wood-burning fireplaces. The property benefits from recent major capital improvements, including a new roof and chimney stacks completed in 2024, along with copper and ABS plumbing, updated electrical panels, and 8 on-site parking spaces. With one unit currently vacant, the property is well-positioned for an owner-occupied buyer seeking potential residential financing options, while investors can immediately place a tenant at market rent and continue stabilizing rents over time. Built in 1983 and located near shopping, dining, schools, employment centers, and major commuter routes, this South Hill asset offers a compelling combination of in-place income, value-add upside, and long-term investment stability in one of Pierce County’s growing rental markets.
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