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Meridian Glen 13603 91st Avenue Ct E

8 Unit Apartment Building $4,535,904 CAD ($566,988 CAD/Unit) 5.55% Cap Rate Puyallup, WA 98373

Apartment Buildings Washington Puyallup 13603 91st Avenue Ct E, Puyallup, WA 98373

Executive Summary

Tucked away in a peaceful corner of South Hill, this 8-unit townhome community, built in 2017, offers the perfect blend of modern living and convenience. Situated near SR 512, SR 161, Costco, and South Hill Mall, it provides both privacy and easy access to key amenities. Each 4-bedroom unit features a bonus room, granite countertops, stainless steel appliances, a wood beam centerpiece, in-unit laundry, and spacious garages, complemented by a community playfield. With its prime location, modern design, and strong tenant appeal, this property offers exceptional value. Whether you're seeking strong rental income or a standout addition to your portfolio, this South Hill gem is a rare opportunity not to be missed.

Attachments

Offering Memorandum

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $4,535,904 CAD Property Subtype
Apartment
  • Multifamily Apartments
Price Per Unit $566,988 CAD Building Class C
Sale Type Investment Lot Size 1.72 AC
Cap Rate 5.55% Building Size 20,480 SF
Gross Rent Multiplier 11.83 Average Occupancy 100%
No. Units 8 No. Stories 3
Property Type Multifamily Year Built 2017
Price $4,535,904 CAD
Price Per Unit $566,988 CAD
Sale Type Investment
Cap Rate 5.55%
Gross Rent Multiplier 11.83
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Building Class C
Lot Size 1.72 AC
Building Size 20,480 SF
Average Occupancy 100%
No. Stories 3
Year Built 2017

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+2.5 8 $3,933 CAD 1,810
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13603 91st Avenue Ct E, Puyallup, WA - aerial map view
(253) 820-3778

  • Listing ID: 33885891

  • Date on Market: 2024-11-15

  • Last Updated:

  • Address: 13603 91st Avenue Ct E, Puyallup, WA 98373

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13603 91st Avenue Ct E, Puyallup, WA for sale Aerial- Image 1 of 14
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Meridian Glen | 13603 91st Avenue Ct E
(253) 820-3778 x

Meridian Glen | 13603 91st Avenue Ct E

Kyle Milton

(253) 820-3778

(253) 820-3778

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