Strategically positioned in Downtown Puyallup, this 8-unit multifamily property presents a prime value-add opportunity for investors seeking strong cash flow and future appreciation. With a current NOI of $72,524 and an in-place 6.31% cap rate, this asset offers immediate income with significant potential for enhanced returns.Ownership currently collects utilities on half the units, leaving room for additional revenue through utility bill-backs across all units, rent increases, and untapped income streams from laundry and storage in the 2,000 SF unfinished basement. These value-add strategies provide a clear path to optimizing profitability while leveraging the property’s sought-after downtown location.Take advantage of Puyallup’s thriving rental market and the area’s continued growth