🏡🏡 Two Well Maintained Fourplexes in Puyallup South Hill 👀🔥

We have an assignable contract available to purchase.

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TWO FOURPLEXES IN SOUTH HILL

9919 & 9920 132nd Street Ct E, Puyallup, WA 98373

Located in Puyallup South Hill with easy access to all amenities, this well-maintained property features two fourplexes, offering a total of 8 units. Each spacious unit includes 2 bedrooms, 1 bathroom, and 900 square feet of comfortable living space. Tenants will enjoy the convenience of covered parking, private decks, fireplaces, and in-unit laundry facilities. With a solid 5.4% cap rate, this turn-key investment offers a reliable income stream in a desirable location. Don’t miss this opportunity to invest in a thriving rental property!

NEW ASKING PRICE: 1,850,000 or $925,000 each

Perfect For:

🗝️ Buy Turnkey

Triplex - 9611 161st Street E, Puyallup, WA 98375 - Sold 873K - 12/5/24

Fourplex - 12109 114th Ave Ct E, Puyallup, WA 98374 - Sold 924K - 9/13/24

👀 Active Comps

Fourplex - 403 43rd Ave SW, Puyallup, WA 98373 - For sale 1.15M

Fourplex - 12105 114th Avenue Ct E, Puyallup, WA 98374 - For sale 1.15M

Property Overview:

🏘️ Eight total units - 16 beds 8 baths total

🛌 2 bedrooms each unit

🚽 1 bathrooms each unit

📏 900 sq. ft. each unit

📆 Built in 1983

📐 Lot size 0.34 acres

Property Details:

🏡 Exterior: Maintained

🏠 Roof: Maintained

🌳 Landscape: Maintained

🪟 Windows: Good condition

🪠 Utilities: City water and sewer

🔧 Plumbing: Functioning

🔌 Electric: Functioning

🚧 Foundation: No issues

💦 Hot Water Heater: Functioning

🌡️ HVAC: Baseboard heating

🍽️ Kitchen: Functional

🛁 Bathrooms: Functional

🧼 Laundry: Each unit has its own laundry facility

🚗 Parking: Covered parking on the side

Additional Insights:

🚀 Each unit has a deck, fireplace and laundry

👀 Tenants pay all utilities

⏱️ History: Cash flowing rental currently under property management

🚧 Attention Required: Everything has been maintained

🚚 Occupancy: Tenant occupied. 7 of the 8 units are occupied.

PLEASE CALL CHARLES TO SCHEDULE SHOWINGS

(360) 207-4148

TENTATIVE CLOSE DATE ON OR BEFORE MAY 12, 2025