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Meridian Glen 13603 91st Avenue Ct E

8 Unit Block of Flats £2,503,840 (£312,980/Unit) 5.55% Net Initial Yield 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 Annual Per SF
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
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £2,503,840 Property Subtype
Apartment
  • Apartment Buildings
Price Per Unit £312,980 Building Class C
Sale Type Investment Lot Size 1.72 AC
Net Initial Yield 5.55% Building Size 20,480 SF
Gross Rent Multiplier 11.83 Average Occupancy 100%
No. Units 8 Number of Floors 3
Property Type Residential Year Built 2017
Price £2,503,840
Price Per Unit £312,980
Sale Type Investment
Net Initial Yield 5.55%
Gross Rent Multiplier 11.83
No. Units 8
Property Type Residential
Property Subtype
Apartment
  • Apartment Buildings
Building Class C
Lot Size 1.72 AC
Building Size 20,480 SF
Average Occupancy 100%
Number of Floors 3
Year Built 2017

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
4+2.5 8 £2,171 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: 15/11/2024

  • 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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© 2024 CoStar Group

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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