Investment Overview

Sumner, Washington, with a population of approximately 10,600 residents (according to the 2020 census), has experienced steady growth over the past decade, which accelerated during the COVID-19 pandemic. Despite this growth, Sumner has maintained its small-town charm, attracting a younger demographic with a median age of just 35 years. Ideally located at the intersection of Highways 512, 167, and 410, Sumner offers residents easy access to major employment centers throughout Pierce and South King Counties. Additionally, the Sumner Train Station, located just over half a mile from the subject property, provides convenient public transportation to the greater Puget Sound area. The Sumner 4plexes presents an excellent investment opportunity for acquiring a well maintained property with significant potential for increased income. While the current ownership has diligently cared for the property’s exterior, many of the units house long-term tenants and are positioned for interior updates. By executing an interior unit renovation program that introduces modern finishes and adding amenities such as in-unit washer/dryers, a buyer can expect to increase rents by an average of $441 per unit. Furthermore, there is additional upside in operational efficiency through the implementation of a utility bill-back system, which could generate an extra $1,200 per month in revenue. By capitalizing on both the physical and operational improvements, an investor can increase the Gross Potential Income (GPI) of the property by nearly 38%, positioning themselves for strong cash flow and significant equity growth.