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Listing Provided By Westlake Associates
15817 64 St E, Sumner, WA 98390
11 Beds
6 Baths
36,864 sqft

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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 25% 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.
  • Price:
  • $6,800,000
  • Bedrooms:
  • 11
  • Full Baths:
  • 6
  • Half Baths:
  • 0
  • Quarter Baths:
  • 0
  • Three Quarter Baths:
  • 0
  • Square Footage:
  • 36,864
  • Acreage:
  • 4.30
  • Year Built:
  • 1973
  • Listing ID #:
  • 1351244
  • Street Address:
  • 15817 64 St E
  • City:
  • Sumner
  • State:
  • Washington
  • Postal Code:
  • 98390
  • County:
  • Pierce
  • Listing Status:
  • Pending
  • Siding:
  • Wood
  • Style:
  • 6-9 Units
  • Total Building Square Footage:
  • 36864
  • Type Of Roof:
  • Composition
  • Unit1 Bathrooms:
  • 1.00
  • Unit1 Bedrooms:
  • 2
  • Unit2 Bathrooms:
  • 1.00
  • Unit2 Bedrooms:
  • 2
  • Unit3 Bathrooms:
  • 1.00
  • Unit3 Bedrooms:
  • 2
  • Unit4 Bathrooms:
  • 1.00
  • Unit4 Bedrooms:
  • 1
  • Unit5 Bathrooms:
  • 1.00
  • Unit5 Bedrooms:
  • 2
  • Unit6 Bathrooms:
  • 1.00
  • Unit6 Bedrooms:
  • 2
  • Year Built:
  • 1973
  • Approximate Acres:
  • 4.3
  • Days On Market:
  • 107
  • Financing Options:
  • Cash Out
  • Property Taxes:
  • $44,664
  • Tax Year:
  • 2018
  • Parking Spaces:
  • 64
  • Heating And Air:
  • Baseboard, Wall
  • Heating Fuel:
  • Electric
  • Sewage Type:
  • Sewer Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Westlake Associates
  • Disclaimer: The information contained in this listing has not been verified by the agent and should be verified by the buyer. NWMLS

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