operating-home

11101 147Th St E

Price
Listing Tags
—
Beds
14
Size
3000 sqft
Type
Single Family
11101 147Th St E

Overview

11101 147th Street E in Puyallup, Washington is an operating recovery residence available for lease at $7,000/month. The 3,000+ sq. ft. single-family home sits on a 1.12-acre lot in a quiet South Hill setting and is currently stabilized with 14 total beds (2 private and 12 shared). The property features vaulted ceilings, a finished daylight basement, two fireplaces, and a large detached shop, offering an established, income-producing recovery housing operation ready for an incoming operator.

Lease and Income Structure

11101 147th Street E, Puyallup, WA 98374 is an operating recovery residence located in a quiet section of Puyallup's South Hill. The property is available for lease at $7,000 per month and is currently operating as a stabilized sober living home.

The building contains approximately 3,000 sq. ft. on a 1.12-acre lot, originally built in 1966 as a 3-bedroom, 3-bathroom single-family residence with a finished daylight basement. The home has been configured to support recovery housing use and is currently stabilized with 14 total beds, 2 private and 12 shared, at a weekly rent rate of $230 per bed.

Notable features include vaulted ceilings and abundant natural light in the main living room, two fireplaces (main level and lower level), a family room and bonus room, a 1,800 sq. ft. detached shop with three bays, two detached carports, a fire pit, circular driveways, a sprinkler system, and garden space. The property is close to schools, restaurants, and shopping.

This offering presents a turnkey recovery housing opportunity for an incoming operator. The home is already operating and generating income, allowing a new operator to step into a stabilized, established program without incurring startup or conversion costs.

Key property details include:

Address: 11101 147th Street E, Puyallup, WA 98374
Lease Price: $7,000/month
Property Type: Single-family residence converted for recovery housing use
Current Use: Operating recovery residence
Building Size: 3,000+ sq. ft.
Lot Size: 1.12 acres
Year Built: 1966
Original Bedrooms/Bathrooms: 3 bed / 3 bath
Current Capacity: 14 beds (2 private, 12 shared)
Weekly Rent Rate: $230/bed

The property is well suited for a recovery housing operator seeking an established, already-operating home with built-in bed capacity and immediate income potential.

Property Financials
Bed Data
Private Beds 2
Shared Beds 12
Total Beds 14
Vacancy Rate (estimated) 20%
House Mentors 1
Revenue-Producing Beds 10.00
Weekly Rent $230.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $167,440.00
Less: Vacancy & Loss $33,488.00
Less: Mentor Rent Credit $11,960.00
Plus: Intake Fee Revenue $4,400.00
Plus: Laundry Service Revenue $2,288.00
Total Revenue $128,680.00
Expenses (Annual)
Operating Expenses $18,013.00
Property Insurance $2,600.00
Operator Compensation $24,000.00
Valuation
Capitalization Rate 8.50%