$4574900
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Bed
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Bath
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18594 SqFt
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28 DOM
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Built: 1963
- Status: Active
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Srinivas Kasam
CEO & Founder
(650)533-3259Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 6.00% would be raised to 7.24%!
Listing Provided Courtesy of Rich Kim, Lumin Brokers of Washington
General Information
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NWM2403003
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Multi Family
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28 DOM
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0.54 acres
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18594
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1963
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Multi-F
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Pierce
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Residential Incom
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Multi Family
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Listing Provided Courtesy of Rich Kim, Lumin Brokers of Washington
Kasamestates data last checked: Aug 23, 2025 13:22 | Listing last modified Aug 05, 2025 19:11,
Source:
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