1520 Valley Avenue, Sumner, WA 98390

$1,150,000
3,536
SqFt

Listing courtesy of Four-U Realty Inc. Selling Office: eXp Realty.

Sold Price
$1,150,000
List Price
$1,199,000
Status
SOLD
MLS#
2181889
Closing Date
Feb 28, 2024
Days on Market
26
Style
54 - 4-Plex
Finished SqFt
3,536
Area Total SqFt
3536
Annual Tax Ammount
6978
Lot Size (sq ft)
12,675
Sewer
Sewer Connected

Property Description

Updated 4-Plex located in the heart of Downtown Sumner!! Great location, steps away to shopping, dining, schools, entertainment. Each unit has 2 BR, New Appliances, Garage + plenty of parking spaces for guests. Rental Income $8,800 monthly ($2,200 each Unit). New blacktop on driveway and parking area. Newer roof & updated vinyl windows, doors, flooring, lighting, cabinets, new kitchen appliances, new bathroom fixtures, fresh paint inside & out, and a shared laundry space. Easy access to frwys & hospital. ** Note, 3 of the 4 Units are fully updated, & 3 are currently rented at $2,200 a month (month to month leases), to allow for 4th unit to be owner occupied or rent out.

Additional Information

List Date
2024-02-02 00:00:00
Community
Downtown Sumner
Total Monthly Income
$8,800
Insurance Expenses
$2,909
Water/Sewer/Garbage Expenses
$8,707
Total Expenses
$18,594
Cap Rate
6.5
Vacancy Rate
5
Total Number of Units
4
Unit Name
1520
Potential Terms
Cash Out, Conventional
Year Built
1968
View
Mountain(s), 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
$8,800
Vacancy Rate
5
Tax Year
2023
Insurance Expense
$2,909
W/S/G Expenses
$8,707
Total Expenses
$18,594
Cap Rate
6.5
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