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824 Kincaid Ave
Sumner, WA 98390 Outlying Puyallup

$1,100,000 USD

Apartments For Sale  •  4,109 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,109 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1929
  • Cap Rate 6.00 %
  • Zoning CBD
0 Transit Score
80 Walk Score

Highlights

Garden-style 6-unit apartment building in the heart of Downtown Sumner on a prominent corner lot.
Fully occupied with proven rental history, offered at a 6% cap rate, the property offers immediate cash flow with major improvements completed

Property Flyers

Financial Summary (Actual)

Net Operating Income: $66,031 USD (2024)
Cap Rate: 6.00 %
Total Expenses: $27,755 USD

Public Transportation

Commuter RailDriveWalkDistance
Sumner Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 1 min 3 min 0.1 mi
1 min 3 min 0.2 mi
Transit/SubwayDriveWalkDistance
Sumner Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 1 min 3 min 0.1 mi
AirportDriveWalkDistance
Seattle-Tacoma International 36 min - 21.6 mi
Charles Burnett 206-931-6036 Sound Property Group / KW Commercial
Charles Burnett 206-931-6036 Sound Property Group / KW Commercial