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Listed by:WeLakeside • Kevin Nguyen
$ 1,700,000
Est. payment /mo
New
470 - 480 S River AVE Buckley, WA 98321
16 Beds
8 Baths
6,080 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,080 sqft
Price per Sqft $279
Subdivision Buckley
MLS Listing ID 2517605
Style 54 - 4-Plex
Bedrooms 16
Year Built 1980
Annual Tax Amount $14,326
Lot Size 0.303 Acres
Property Sub-Type Multi Family
Property Description
Rare 8-unit value-add opportunity in Buckley featuring two adjacent 4-plexes. All units are 2-bed, 1-bath, 760 sqft, with private balconies. Potentially assumable financing at 4.75% interest with approximately 25.5 years remaining presents a significant advantage against today's rate! Strong tenant history with long-term occupants all in place for 5+ years, currently all on month-to-month leases at below-market rents—providing immediate upside through rent increases. Each unit is individually metered, creating an opportunity for utility chargebacks, along with additional income from on-site coin-operated laundry. One unit is currently vacant, allowing for owner-occupancy or immediate minimal touch-up to lease at market rents. Multifamily inventory in Buckley is extremely limited, making it a rare opportunity to add this to your long-term portfolio!
Location
State WA
County Pierce
Area 111 - Buckley/South Prairie
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District White River
Others
Senior Community No
Acceptable Financing Assumable, Cash, Conventional
Listing Terms Assumable, Cash, Conventional
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