5011 157th Avenue Ct E Sumner, WA $ 2,250,000
5011 157th Avenue Ct E
$ 2,250,000
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5011 157th Avenue Ct E

Sumner, WA, 98390
$ 2,250,000
Baths0.0 Sq 6,720

Monthly Estimate*

$ 14,954

Listed by John L. Scott, Inc
5011 157th Avenue Ct E, Sumner, WA 98390 - Image 1
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5011 157th Avenue Ct E, Sumner, WA 98390 - Image 16
Studio

Multi-Family Home for sale in Sumner, WA

for $2,250,000. This 6,720 square foot home was built in 1989 on a lot size of 0.55.

The Salmon Creek Apartments is a fully renovated eight-unit apartment building, located in Sumner. Over the past few years current ownership has performed complete high-end interior & exterior renovation of the asset. The unit mix consists of all beautiful two bedroom/one-bath units, that are approximately 840SF. The unit features include kitchens w/stainless steel appliances, white hardwood cabinets & quartz countertops. Units also feature a balcony/patio, wood-like tile floors, new carpet in bedrooms, new lighting packages, new paint & trim packages, new 6 panel door packages, sliding barn doors for W/D (included) area & updated baths. Ext renovations included new windows, resurfacing the parking lot (17 stalls) & paint 2018.

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Multi-Family Pending

Price

$ 2,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 10,146

Style

5-9 Units

Lot Size

0.55

Year Built

1989

Town/City

Sumner

County/Region

Pierce

MLS | Web ID

2146905

Features
General
Interior Features Ceramic Tile Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Tenant's Rights
Roof Composition
Exterior Features Wood
HOA 0
Security Features FullyFenced
Year Built 1989
View Territorial
Property SubType Multi-Family
Tax Year 2023
County Pierce
Net Operating Income 136986
Insurance Expense 1983
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name Sumner Valley
Special Listing Conditions None
Status Pending
Directions From Main St Head North on Valley Ave Right on Elm Go straight on Elm just past 157th Ave Ct E is the entry to the complex.
City Sumner
Buyer Agent Compensation 2
View Y/N Y
Senior Community Y/N N
High School District Sumner-Bonney Lake
Open Parking Spaces 17
Total Units 8
MLS Area 74 - Sumner
Lot Size Square Feet 23958
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 157th
Listing Terms Assumable Cash Out Conventional
Tax Annual Amount 10146
Electric Expense 0
Fuel Expense 0
Property Condition Very Good
Public Remarks The Salmon Creek Apartments is a fully renovated eight-unit apartment building located in Sumner. Over the past few years current ownership has performed complete high-end interior & exterior renovat
Leasable Area 6720
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities Thermal Windows
Water Company City of Sumner
Units Below Grade false
Units In Building Total 8
Water Sewer Garbage 15440
Property Style 55 - 5-9 Units
Cap Rate 6
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Interior
Flooring Ceramic Tile Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue Ct
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Curbs Paved
Water Source Public
Total Parking 17
Building Area Total 6720
Lot Size Acres 0.55
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Partially High Speed Internet Patio
Parking Uncovered Spaces 17
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Internal Only
OriginalMLSID NWM2146905
Street Number 1 5011
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* Excluded Features
List By
Jonathan D. Bye

Listing Agent

John L. Scott, Inc

Broker

Affordability Calculator

$15,800
Per Month
95%
5%
0%
Monthly Principal & Interest
$14,954
Monthly Property Taxes
$846
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3108145 Elementary School
3108144 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/4/2023$2,250,000 Listed Price

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5011 157th Avenue Ct E, Sumner, WA, 98390 is a Multi-Family Home for sale at $2,250,000 with 6,720 sqft and a lot size of 0.55. 5011 157th Avenue Ct E is a studio with 0.0 baths and was built in 1989. The property's zip code is 98390 which is in Sumner, WA