NWMLS*Courtesy of Westlake Associates, Inc.
15817 64 St E
Sumner, WA 98390
$6,800,000
Multi-Family
0 Beds
0.00 Baths
36864 SqFt
Active
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.
Listing Number: 1351244
Property Features
  • Community: Sumner
  • Exterior: Wood
  • Roof: Composition
  • Year Built: 1973
  • 2018 Taxes: $54352.00
Lot Details
  • Lot Size: 4.30 acres
  • No. of Units: 40
Unit Details

Unit 1:
  • Description: 1
  • Bedrooms: 2
  • Bathrooms: 1.00
  • Sq. Ft: 830
  • Rent: $1175
  • Fireplaces: 0
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Unit 2:
  • Description: 3
  • Bedrooms: 2
  • Bathrooms: 1
  • Sq. Ft: 830
  • Rent: $1295
  • Fireplaces: 0
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Unit 3:
  • Description: 5
  • Bedrooms: 2
  • Bathrooms: 1
  • Sq. Ft: 830
  • Rent: $1250
  • Fireplaces: 0
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Unit 4:
  • Description: 7
  • Bedrooms: 1
  • Bathrooms: 1
  • Sq. Ft: 630
  • Rent: $1195
  • Fireplaces: 0
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Unit 5:
  • Description: 9
  • Bedrooms: 2
  • Bathrooms: 1
  • Sq. Ft: 830
  • Rent: $1195
  • Fireplaces: 0
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Unit 6:
  • Description: 11
  • Bedrooms: 2
  • Bathrooms: 1
  • Sq. Ft: 830
  • Rent: $1395
  • Fireplaces: 0
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Interior
  • Baseboard
  • Wall
  • Electric
Schools
  • District: Sumner
Call or Email:
Pat Lord
(206) 395-4584

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings marked with the "Three Trees" logo are provided by Northwest Multiple Listing Service. The associate represented on this web site is not a multiple listing service but is a member of a local MLS. DMCA Notice
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