7124 Artondale DR NW new to site Save Request In-Person Tour Request Virtual Tour
Gig Harbor,WA 98335
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,509 sqft
Price per Sqft $385
Subdivision Artondale
MLS Listing ID 2418212
Style 55 - 5-9 Units
Bedrooms 12
Year Built 1967
Annual Tax Amount $10,344
Lot Size 0.991 Acres
Property Sub-Type Multi Family
Property Description
Once in a lifetime opportunity to own a turnkey 7-plex in the heart of Artondale, Gig Harbor. Pride of ownership is clear as it has been meticulously maintained over the years. The property could continue as a 7-plex or be an Airbnb or partially owner occupied. Current 5.3% cap rate with potential to be closer to 6% through rent optimization / short-term rental. Property has stable long-term tenants with recent improvements including updated roofs, exterior paint, and well systems. Three buildings with 2 duplexes & a triplex offer a diverse unit mix. Excellent location in an area with limited multi-family inventory. Perfect for investors seeking turnkey cash flow property or to complete a 1031 exchange. Don't miss this rare Gig Harbor gem!
Location
State WA
County Pierce
Area 7 - Artondale
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Septic Tank
Water Shared Well
New Construction No
Schools
Elementary Schools Artondale Elem
Middle Schools Kopachuck Mid
High Schools Gig Harbor High
School District Peninsula
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional