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Listing Provided Courtesy Of:
Westlake Associates, Inc. and NWMLS
Address
15817 64 St E Sumner, WA
Price
$ 6,800,000
Property Attributes
  • MLS#1351244
  • TypeMulti-Family
  • CountyPIERCE
  • CitySumner
  • AreaSumner
  • NeighborhoodSumner
  • Zip98390
  • Style6-9 Units
  • Year Built1973
  • Taxes54352
  • Price$ 6,800,000
  • Bedrooms11
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage36864
  • Lot Size4.3 Acres
Listing Provided Courtesy Of:
Westlake Associates, Inc. and NWMLS
Property Description

Built in 1973, the Aria Apartments is a 40-unit value add opportunity with a 6% in place cap rate. Currently, 10 units have been renovated yielding a 30% increase in rent. The units have updated kitchens, SS appliances, new mill work package, new paint and new flooring. The building consists 28 two beds and 12 one beds all single-story garden style and in unit W/D. Preliminary plans to add 7 units to the property for additional upside. Next door to the brand-new Gordon Family YMCA.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
8/24/2018 Listed $7,000,000
10/15/2018 3% - $6,800,000

General Features

Community Name Sumner
Energy Source Electric
Heating and Cooling Baseboard, Wall
School District SUM
Water / Sewer / Garbage 52861
Year Built 1973

Interior Features

Bathrooms 0.0
Bedrooms 0.0

Exterior Features

Exterior Features Wood
Lot Square Footage 187308
Number of Uncovered Spaces 64
Roof Composition
Style 6-9 Units
Total Number of Parking Spaces 64

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 98390

Price
AVG $6.8M
$6.8M
Taxes
AVG $54,352
$54,352
Visits
AVG 320
322
Year Built
AVG 1973
1973
Walkscore
AVG 43
43
Data Provided by Walkscore ® not using MLS data

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