7406 31st Street Ct W, University Place, WA 98466
- $1,290,000
- 4,528
- SqFt
Listing courtesy of John L. Scott, Inc.. Selling Office: Berkshire Hathaway HS NW.
- Sold Price
- $1,290,000
- List Price
- $1,370,000
- Status
- SOLD
- MLS#
- 2163099
- Closing Date
- Nov 20, 2023
- Days on Market
- 35
- Style
- 54 - 4-Plex
- Building Condition
- Remodeled
- Finished SqFt
- 4,528
- Area Total SqFt
- 4528
- Annual Tax Ammount
- 11526
- Lot Size (sq ft)
- 9,147
- Sewer
- Sewer Connected
Property Description
UPDATED PRICING! Great income property that is turn-key & ready for new investor/owner! Impeccably refurbished townhouse style units that include fresh interior & exterior paint, LVP flooring, updated millwork + doors, LED lighting throughout, granite counters in kitchen & baths, new vinyl windows, updated plumbing fixtures, copper piping, stainless steel appliances, & more! Same floorplan for each unit. 100% occupied & rental amounts noted are current. Convenience is key here! Located just a stone's throw away from all amenities, including the ever-popular Whole Foods & the renowned Chambers Bay Golf Course. A rare opportunity to own a low-hassle investment property in one of Pierce Counties most sought-after cities! Offering 6.3% cap rate
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Additional Information
- List Date
- 2023-10-16 00:00:00
- Community
- University Place
- Net Operating Income
- $86,959
- Gross Adjusted Income
- $105,228
- Gross Scheduled Income
- $105,228
- Total Monthly Income
- $8,769
- Insurance Expenses
- $1,769
- Water/Sewer/Garbage Expenses
- $4,980
- Gross Rent Multiplier
- 13
- Total Expenses
- $18,275
- Cap Rate
- 6.3
- Total Number of Units
- 4
- Unit Name
- 7406
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1981
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- University Place
- Elementary School
- Buyer To Verify
- Middle School
- Curtis Jnr High
- High School
- Curtis Snr High
- Total Monthly Income
- $8,769
- Gross Scheduled Income
- $105,228
- Gross Adjusted Income
- $105,228
- Tax Year
- 2023
- Insurance Expense
- $1,769
- W/S/G Expenses
- $4,980
- Total Expenses
- $18,275
- Net Operating Income
- $86,959
- Gross Rent Multiplier
- 13
- Cap Rate
- 6.3
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.