Puyallup, WA 98446
Listing Courtesy of: Northwest MLS / Windermere Real Estate/Central Inc / Chip McBroom
$4,088,888
6.38
ACRES
   Puyallup, WA 98446
Pending (3 Days)

Comments

Canyon Creek Apartment opportunity w/SEPA approval & Commercial Site Development county approval for a 136 Unit Apartment Project. Amazing location assemblage of 6.5 acres off Canyon Park, behind Albertsons. All approved Site Engineering, Architectural plans, and Land included in the List price. Summer 2021 build. 81 Units 1 Bed/1Bath and 55 Units 2 bed/2 Bath. Site approved for 5 buildings in the Woody Walkup style with 130 individual garages, 295 additional parking spaces. Market value of the built out project with certificate of occupancy is estimated at $36+ million+. Great return with a 5 cap, plus initial buildout profit. Adjacent to newer construction 5100 Summit apartments with stable rents! Must see opportunity, wont last long.

MLS #:
1735919
Lot Size
6.38 acres
Type
Land
Style
42 - Multi-Family
School District
Puyallup
County
Pierce County
Community
Puyallup
Bathroom Details
Lot Information
  • Paved Street
Utility Information
  • Sewer: Available
Additional Listing Info
  • Selling Office Commission: 2.5%

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.