Bought with: Better Properties Real Estate
$1,000,000
$1,150,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
520 Sumner AVE #524 Sumner, WA 98390
7 Beds
5 Baths
3,640 SqFt
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,640 sqft
Price per Sqft $274
Subdivision Downtown Sumner
MLS Listing ID 2427953
Sold Date 04/30/26
Style 55 - 5-9 Units
Bedrooms 7
Year Built 1958
Annual Tax Amount $9,309
Lot Size 0.300 Acres
Property Sub-Type Multi Family
Property Description
Price improvement! 5% Cap Rate. One-of-a-kind 5 unit investment property in Downtown Sumner right across the street from Loyalty Park! Property includes a fourplex (two 1-bed & two 2-bed units) plus a 640 sq ft 1 bed + den single-family home. Both buildings recently painted. The fourplex features new windows and insulation. SFH remodeled this year. Recent remodels of fourplex units, including one this year. Very well maintained with beautiful landscaping and a storage shed on the property. Close to Sounder Train station for commuting. Near vibrant Downtown Sumner's shops and restaurants. Very easy to rent- hardly vacant.
Location
State WA
County Pierce
Area 74 - Sumner
Interior
Flooring Hardwood, Laminate, Vinyl, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Stucco, Wood
Amenities Available Cable TV, Gas Available, High Speed Internet, Outbuildings
View Y/N Yes
View Mountains, Territorial
Roof Type Composition
Building
Lot Description Corner Lot, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Maple Lawn Elem
Middle Schools Sumner Middle
High Schools Sumner Snr High
School District Sumner-Bonney Lake
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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