Quadruplex - Puyallup, WA
1 of 4 adjacent 4-plexes offered as a package or individually. 6.3% current cap rate / 8% at market rents. Bldg is 3260 sq ft w/ coin-op laundry room, storage structures; 4 covered & 4+ uncovered parking spaces; unit is 770 sq ft, 2bed/1bath. Combined, these properties sit on 3.5 acres zoned UV (Urban Village) w/c may allow development of up to 100 units! A solid turn-key investment property that presents huge opportunity. Just off Meridian E, property is primed for substantial returns.
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