Bought with Best Choice Network LLC
$450,000
$475,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
5.25 Baths
4,970 SqFt
SOLD DATE : 02/25/2025
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,970 sqft
Price per Sqft $90
Subdivision Roy
MLS Listing ID 2321420
Sold Date 02/25/25
Style 54 - 4-Plex
Bedrooms 10
Construction Status Under Construction
Year Built 1930
Annual Tax Amount $7,500
Lot Size 1.322 Acres
Property Sub-Type Multi-Family
Property Description
Great investment opportunity. High rental demand due to proximity to JBLM! Plenty of parking, large spacious 1.3 ac lot, building on the hill under remodeling with plans for 4 units, 10 beds and 5.5 baths and access from both street. Buyer will need to have the permit reinstated with the city that is eager to see this remodeling completed. A new 10-bedroom septic is needed. See unit descriptions for details. Financial are pro-format estimated expenses and Pierce County Housing Authority rents approved for units of this size. Sold AS-IS. Short Sale, needs lender approval. Remodeling status is Rough framing of new floorplan complete, plumbing and electrical started. Floorplan is in the construction permit in the supplements.
Location
State WA
County Pierce
Area 119 - Roy/Mckenna
Interior
Flooring See Remarks
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Deck, Outbuildings, RV Parking
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Corner Lot, Dead End Street, Paved, Secluded
Sewer Septic Tank
Water Public
New Construction Yes
Construction Status Under Construction
Schools
Elementary Schools Roy Elem
Middle Schools Cougar Mountain Jh
High Schools Bethel High
School District Bethel
Others
Senior Community No
Acceptable Financing Cash Out, Rehab Loan
Listing Terms Cash Out, Rehab Loan
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