5720 62nd Street W, University Place, WA 98467
- $653,000
- 2,132
- SqFt
Listing courtesy of Keller Williams Realty. Selling Office: Keller Williams West Sound.
- Sold Price
- $653,000
- List Price
- $525,000
- Status
- SOLD
- MLS#
- 2310061
- Closing Date
- Apr 04, 2025
- Days on Market
- 2
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,132
- Area Total SqFt
- 2132
- Annual Tax Ammount
- 6944
- Lot Size (sq ft)
- 20,473
- Sewer
- Septic Tank
- Offer Review Date
- 2024-11-14
Property Description
Here’s a unique opportunity to own a versatile investment property in the heart of University Place, set on a generous 1/2-acre lot! Perfect for a modern-day house hack or traditional rental investment, this property features both a duplex and a single-family home. Each unit in the duplex offers 2 bedrooms, 1 bath, and approximately 768 sq. ft. of living space, while the single-family home includes 1 bedroom, 1 bath, and approximately 596 sq. ft. Enjoy a prime location near recreation areas, parks, freeways, schools, and shopping, making this property highly attractive to potential renters.
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Additional Information
- List Date
- 2025-04-02 00:00:00
- Community
- University Place
- Net Operating Income
- $31,326
- Gross Adjusted Income
- $40,470
- Gross Scheduled Income
- $42,600
- Total Monthly Income
- $3,550
- Insurance Expenses
- $1,000
- Water/Sewer/Garbage Expenses
- $1,200
- Gross Rent Multiplier
- 13
- Total Expenses
- $9,144
- Cap Rate
- 6
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 5720
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1962
- Roof
- Composition
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Manitou Park
- Middle School
- Gray
- High School
- Mt Tahoma
- Total Monthly Income
- $3,550
- Gross Scheduled Income
- $42,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $40,470
- Tax Year
- 2024
- Insurance Expense
- $1,000
- W/S/G Expenses
- $1,200
- Total Expenses
- $9,144
- Net Operating Income
- $31,326
- Gross Rent Multiplier
- 13
- Cap Rate
- 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.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.