5306 5308 51st Avenue Ct W, University Place, WA 98467
- $800,000
- 2,443
- SqFt
Listing courtesy of Keller Williams Rty Tacoma. Selling Office: Keller Williams Seattle Metro.
- Sold Price
- $800,000
- List Price
- $800,000
- Status
- SOLD
- MLS#
- 2161981
- Closing Date
- Dec 18, 2023
- Days on Market
- 62
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,443
- Area Total SqFt
- 2443
- Annual Tax Ammount
- 7864
- Lot Size (sq ft)
- 11,798
- Sewer
- Sewer Connected
Property Description
Pristine Duplex Investment with a Unique Owner-Occupied Option in the highly coveted University Place area. This duplex is meticulously maintained, boasting both an attractive facade and low maintenance needs, offering investors peace of mind. Inside, you'll discover spacious units with multiple bedrooms and bathrooms, propane fire places, vaulted ceilings and large 2 car garage each side, making them ideal for tenants and comfortably accommodating owner-occupiers. The flexibility of this investment is a standout feature - whether you choose to enjoy steady rental income from one unit while residing in the other, or opt to lease both units at competitive market rates. Tenants cover essential costs, power, water, garbage, and propane.
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Additional Information
- List Date
- 2023-10-17 00:00:00
- Community
- University Place
- Net Operating Income
- $36,211
- Gross Adjusted Income
- $46,560
- Gross Scheduled Income
- $48,000
- Total Monthly Income
- $4,000
- Insurance Expenses
- $1,141
- Water/Sewer/Garbage Expenses
- $1,344
- Gross Rent Multiplier
- 16
- Total Expenses
- $10,349
- Cap Rate
- 4.5
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 5306 5308
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 2003
- Roof
- Composition
- Site Features
- Cable TV, Deck, Propane, Sprinkler System
- Energy Source
- Electric, Propane
- School District
- Tacoma
- Total Monthly Income
- $4,000
- Gross Scheduled Income
- $48,000
- Vacancy Rate
- 3
- Gross Adjusted Income
- $46,560
- Tax Year
- 2023
- Insurance Expense
- $1,141
- W/S/G Expenses
- $1,344
- Total Expenses
- $10,349
- Net Operating Income
- $36,211
- Gross Rent Multiplier
- 16
- Cap Rate
- 4.5
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.