$1,800,000
For Sale

506 -508 Cherry Avenue

Sumner, WA 98390
6347 sqft | 0.66 acres | #2318458
Listing OfficeTerrafin
Browse 33 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Terrafin is pleased to present this 6 UNIT trophy asset, an irreplaceable piece of real estate in the heart of downtown Sumner. Simultaneous sale of a single story solid brick 4-plex & 2 story duplex ideal to all renters. These well-maintained adjacent buildings offer sharing access, a generous parking area, carports w/storage lockers plus more off street parking. Community laundry room serves all. 3 Units are 2 Bd/1Bath and 1 unit is 3 Bd/1.5 Bath. Slider to outside covered patio. Duplex has main floor 1 bed/1 bath + upstairs 3 bed/1.75 bath unit has own laundry & spacious deck with Mt. Rainier views! Large 2+car garage. Prime location close to shopping, dining, Sounder station & Loyalty Park. Units have rented themselves over the years!

  • Property Details
      • Exterior FeaturesCable TV, High Speed Internet, RV Parking
      • Lot DescriptionCurbs, Paved, Sidewalk
      • Exterior MaterialsBrick, Wood Products
      • InteriorWall to Wall Carpet
      • ViewMountain(s), Partial
      • School DistrictSumner-Bonney Lake
      • Date ListedJanuary 01, 2025
      • FoundationPoured Concrete
      • Sewer InformationSewer Connected
      • SubdivisionDowntown Sumner
      • Elementary SchoolBuyer To Verify
      • High SchoolSumner Snr High
      • Style55 - 5-9 Units
      • Middle SchoolSumner Middle
      • Property TypeMulti-Family
      • Property SubtypeMulti-Family
      • Structure TypeMulti Family
      • Original List Price$1,800,000
      • Taxes Annual$15,203
      • MLS #2318458
      • Cost1800000
      • MLS #2318458
      • Utility SourcePublic
      • CountyPierce
      • Acres0.656
      • Square Feet6347
      • Year Built1968
      • Stories1
      • Days on Market (Cumulative)5
Tom ElliottReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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