2125 Bridgeport Way W, University Place, WA 98466

$1,015,000
2,591
SqFt

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Listing courtesy of Engel & Voelkers Kirkland. Selling Office: Windermere Prof Partners.

Sold Price
$1,015,000
List Price
$1,000,000
Status
SOLD
MLS#
2293540
Closing Date
Nov 08, 2024
Days on Market
32
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,591
Area Total SqFt
2591
Annual Tax Ammount
7796
Lot Size (sq ft)
14,375
Sewer
Sewer Connected

Property Description

Discover this RARE opportunity to purchase a fully remodeled (in 2022) townhouse-style duplex located near downtown University Place! Each 3-bed, 2.5-bath unit offers 1295 sq ft of modern comfort with primary suites, gas fireplaces, better than new SS appliances & washer/dryers. Enjoy large decks, 1-car garages, + additional parking galore! Within walking distance to shopping, parks, restaurants, & located within the highly coveted UPSD. The expansive lot provides opportunities for additional rv/boat parking, or ?. This property is ideal for experienced investors or owner-occupants seeking a bit of extra income to assist with monthly mortgage payments. Don't miss a golden opportunity to add a perfect investment property to your portfolio!!

Additional Information

List Date
2024-10-07 00:00:00
Community
University Place
Net Operating Income
$56,620
Gross Adjusted Income
$71,880
Gross Scheduled Income
$71,880
Insurance Expenses
$3,624
Water/Sewer/Garbage Expenses
$3,840
Gross Rent Multiplier
13.9
Total Expenses
$15,260
Cap Rate
5.6
Total Number of Units
2
Unit Name
2125
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1994
Roof
Composition
Site Features
Deck, Fenced-Partially, RV Parking
Energy Source
Electric, Natural Gas
School District
University Place
Elementary School
University Pl Primar
Middle School
Curtis Jnr High
High School
Curtis Snr High
Gross Scheduled Income
$71,880
Gross Adjusted Income
$71,880
Tax Year
2024
Insurance Expense
$3,624
W/S/G Expenses
$3,840
Total Expenses
$15,260
Net Operating Income
$56,620
Gross Rent Multiplier
13.9
Cap Rate
5.6
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.
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