11205 71st Ave Court East

Puyallup, WA 98373

$5,500,000
Price
—
Beds
24,362 Sq. Ft.
$226 / Sq. Ft.
24,362
Sq. Ft.
$226
per Sq. Ft.

Pending Feasibility

Pending Feasibility

Listing provided courtesy of Gateway Real Estate

Description

Introducing a rare investment opportunity to own an entire community. Features 8 duplexes with 16 individual homes in a prime South Hill location. This property is perfect for investors looking to expand their portfolio and generate reliable passive income. Community was created as a PDD which allows each of the 16 units to be sold individually. Excellent access to schools, shopping, ensuring high occupancy rates and steady rental income. Each unit metered individually. Ample parking for residents....Introducing a rare investment opportunity to own an entire community. Features 8 duplexes with 16 individual homes in a prime South Hill location. This property is perfect for investors looking to expand their portfolio and generate reliable passive income. Community was created as a PDD which allows each of the 16 units to be sold individually. Excellent access to schools, shopping, ensuring high occupancy rates and steady rental income. Each unit metered individually. Ample parking for residents. Site is 4.71 acres
  1. Listed by George Sampson • Gateway Real Estate

Property Details for 11205 71st Ave Court East

Community Name
South Hill
School District
Puyallup
View
Territorial
Number of Assigned Spaces
62
Total Covered Parking
30
Entry Date
07-15-2024
Energy Source
Electric,Natural Gas
Sewer
Available
LISTING UPDATED: 09/05/2024 05:49 AM

Property Details for 11205 71st Ave Court East

StatusPending Feasibility
MLS #2263632
Days on Market32
Cumulative Days on Market32
Taxes$60,437 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2007
Lot Size4.71 AC / 205,168 SF
CountyPierce County

Building Information for 11205 71st Ave Court East

Stories2Residences16Year Built2007Building Size-Lot Size4.71 AC / 205,168 SF

Property Information for 11205 71st Ave Court East

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Fenced-Partially, Gas Available, High Speed Internet, Patio, Sprinkler System
  • Area: 85 - Puyallup
  • Effective Year Built Source: Public Records
  • Directions: East on 112th, Turn Right onto 71st Ave Ct E.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
  • Additional Tax Ids: 6025640010,6025640020,6025640030,6025640040,6025640050,6025640060,6025640070,6025640080,6025640090,6025640100,6025640110,6025640120,6025640130,6025640140,6025640150,6025640160,6025640170
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 32.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 32
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 1912
  • Power Company: PSE
  • Sewer Company: N/A
  • Water Company: Fruitland
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Class: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • MLS Square Footage Source: Public Record
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2008
  • Photos Count: 35
Lot Information
  • Lot Details: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • Lot Size Source: Public Record
  • Parcel Number Free Text: 6025640180
  • Building Condition: Good
  • Calculated Square Footage: 24362
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 24362.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 32
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 16
  • Units Below Grade: false
  • Units In Building Total: 16
Financing / Income and Expenses
  • Electric Expense: $151
  • Total Expenses: 110809
  • Gross Adjusted Income: 406866
  • Gross Rent Multiplier: 12.84
  • Gross Scheduled Income: $428,280
  • Insurance Expense: $11,563
  • Net Operating Income: $296,057
  • Other Expenses: $36,746
  • Total Monthly Income: 35690
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 24362.0
  • Leasable Area Units: Square Feet

Property History for 11205 71st Ave Court East

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 11205 71st Ave Court East

This home is within Puyallup School District.
Rating
School
Type
Grades
Distance
Woodland Elementary School
Public - K to 6
Ballou Jr High School
Public - 7 to 9
Gov John Rogers High School
Public - 9 to 12
Puyallup Parent Partnership Program
Public - K to 8
Rating
School
Distance
Woodland Elementary School
PublicK to 6

Ballou Jr High School
Public7 to 9

Gov John Rogers High School
Public9 to 12

Puyallup Parent Partnership Program
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gateway Real Estate

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.