8112 to 8114 51st Street Ct W, University Place, WA 98467
- $670,000
- 1,988
- SqFt
Listing courtesy of Keller Williams Rty Tacoma. Selling Office: Keller Williams Rty Tacoma.
- Sold Price
- $670,000
- List Price
- $699,999
- Status
- SOLD
- MLS#
- 2156128
- Closing Date
- Oct 25, 2023
- Days on Market
- 35
- Style
- 52 - Duplex
- Finished SqFt
- 1,988
- Area Total SqFt
- 1988
- Annual Tax Ammount
- 7406
- Lot Size (sq ft)
- 18,730
- Sewer
- Septic Tank
Property Description
Investor opportunity! Well maintained University Place Duplex, tucked away on a quiet cul-de-sac of well cared for homes. Easy investment property, fully rented out to long term tenants and professionally managed. Potential to increase cash flow as rents are currently below market rate. Both units have 2 bedrooms, 2 baths, garage and a spacious back yard. Ideally located - EZ access to Chambers Bay Park, Trader Joes, Whole Foods & more. Walkable to highly rated UP Schools. Come see!
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Additional Information
- List Date
- 2023-09-20 00:00:00
- Community
- University Place
- Net Operating Income
- $34,122
- Gross Adjusted Income
- $43,512
- Gross Scheduled Income
- $44,400
- Total Monthly Income
- $3,700
- Insurance Expenses
- $1,000
- Water/Sewer/Garbage Expenses
- $984
- Gross Rent Multiplier
- 15.77
- Total Expenses
- $9,390
- Cap Rate
- 4.9
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 8112 to 8114
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1976
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck
- Energy Source
- Electric
- School District
- University Place
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,700
- Gross Scheduled Income
- $44,400
- Vacancy Rate
- 2
- Gross Adjusted Income
- $43,512
- Tax Year
- 2023
- Insurance Expense
- $1,000
- W/S/G Expenses
- $984
- Total Expenses
- $9,390
- Net Operating Income
- $34,122
- Gross Rent Multiplier
- 15.77
- Cap Rate
- 4.9
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.