8 unit apartment in fantastic downtown Sumner location. The exterior has been extensively remodeled with new roof, paint, landscaping and windows. The building has undergone a major systems update of new wiring, plumbing and electrical service. 2 of the 8 units have been remodeled with high end finishes with washer and dryer install. There is rental upside in all 8 units if investor chooses not to do additional remodeling work, but there is a major value add opportunity to remodel the 6 remaining units. Current low rent is $925, and the remodeled units are renting starting at $1,300. Rents in Sumner have risen at an annualized rate of 10% throughout 2020.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
