1520 Valley Avenue, Sumner, WA 98390

$850,000
3,536
SqFt

Listing courtesy of The Preview Group. Selling Office: Century 21 Northwest.

Sold Price
$850,000
List Price
$900,000
Status
SOLD
MLS#
2071156
Closing Date
Jul 03, 2023
Days on Market
14
Style
54 - 4-Plex
Finished SqFt
3,536
Area Total SqFt
3536
Annual Tax Ammount
6977
Lot Size (sq ft)
12,675
Sewer
Sewer Connected

Property Description

Investor opportunity with this 4-plex located in the desirable City of Sumner! Steps away to schools, shopping and entertainment. Each unit has 2 BR, one car garage, plenty of off street parking for guest and new blacktop on driveway and parking area. Roofing w/ transferable warranty from Dura Last, updated vinyl windows, new doors and shared laundry.

Additional Information

List Date
2023-06-19 00:00:00
Community
Downtown Sumner
Net Operating Income
$11,930
Gross Adjusted Income
$29,232
Gross Scheduled Income
$29,232
Total Monthly Income
$2,436
Insurance Expenses
$1,618
Water/Sewer/Garbage Expenses
$8,707
Gross Rent Multiplier
31
Total Expenses
$17,302
Cap Rate
1.3
Total Number of Units
4
Unit Name
1520
Potential Terms
Cash Out, Conventional
Year Built
1968
View
Territorial
Roof
Flat
Site Features
Deck, Fenced-Partially, Patio
Energy Source
Electric
School District
Sumner-Bonney Lake
Elementary School
Daffodil Vly Elem
Middle School
Sumner Middle
High School
Sumner Snr High
Total Monthly Income
$2,436
Gross Scheduled Income
$29,232
Gross Adjusted Income
$29,232
Tax Year
2023
Insurance Expense
$1,618
W/S/G Expenses
$8,707
Total Expenses
$17,302
Net Operating Income
$11,930
Gross Rent Multiplier
31
Cap Rate
1.3
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