$2,250,000
Salmon Creek Apartments
Listing Type: For Sale
Property Type: Multi-Family
Status: Pending
CBA ID#: 670100
5011 157th Ave CT E
Sumner, WA 98390

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Commercial Property

Marketing Description:

ASSUMABLE LOAN WITH 4.38% RATE DUE JAN 2030!!The Salmon Creek Apartments is a fully renovated eight-unit apartment building, located at 5011 157th Avenue Court East in Sumner, Washington. The property was originally built in 1989 and is comprised of wood framed construction, a mix of PEX and polybutylene plumbing, copper wiring, T1-11 cedar siding, and a pitched composition roof, which was replaced about 6 years ago with 30-year shingles. Over the past few years current ownership has performed complete high-end interior and exterior renovation of the asset. Exterior renovations included installing all new double vinyl pane windows, improved landscaping, and resurfacing and restriping the parking lot and driveway. The exterior of the property was painted shortly before the current ownershi

Land Features:

  • Lot Size: 23958 SqFt
  • Lot Acreage: 0.55 Acres
  • Zoning: LDR-4
  • Total Parking: 17
  • Uncovered Parking: 17

Building Features:

  • Building Size: 6720 SqFt
  • Number of Floors: 2
  • Cap Rate: 5.67%
  • Construction: Wood
  • Year Built: 1989
This Listing Supplied Courtesy of Marcus & Millichap, Inc.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
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