Quadruplex - Puyallup, WA
(4) Fourplexes on separate parcels sold together. Market Cap Rate: 7.6%. Each Building is 3260 sq ft. with coin-op laundry room, storage structures, and 4 covered parking spaces; units are all 770 sq ft, 2 bed / 1bath. Combined, these properties sit on 3.5 acres zoned Urban Village (UV) which may allow the development of up to 104 units! This is a solid turn-key investment property that presents huge opportunity. Located just off Meridian E and primed for substantial return due to its strategic location. Another great thing about this property is the ability to purchase a 16-unit building with 4 residential loans.
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