7215 63rd Street Ct W, University Place, WA 98467
- $880,000
- 2,692
- SqFt
Listing courtesy of COMPASS. Selling Office: Van Dorm Realty, Inc.
- Sold Price
- $880,000
- List Price
- $875,000
- Status
- SOLD
- MLS#
- 2325684
- Closing Date
- Mar 03, 2025
- Days on Market
- 9
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,692
- Area Total SqFt
- 2692
- Annual Tax Ammount
- 8017
- Lot Size (sq ft)
- 12,550
- Sewer
- Septic Tank
- Offer Review Date
- 2025-02-01
Property Description
Multi-family gem! This rare, classic duplex offering in the heart of University Place is a standout opportunity for investors, multi-generational living, or those seeking a fresh start, including Californians displaced by wildfires. Impeccably maintained, each unit has been tastefully updated with thoughtful touches, including granite countertops in the spacious, open kitchens. All appliances included. Situated on a fully-fenced 0.25+ acre lot, this property is conveniently located within the coveted UP School District. It boasts a new roof ($36k, 2024), newer pipes ($12k, 2023) newer LVP floors (Unit B), and a new rear fence. Always in high demand, this duplex rents quickly and offers both comfort and investment potential. Very nice.
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Additional Information
- List Date
- 2025-02-22 00:00:00
- Community
- Lakewood
- Net Operating Income
- $49,007
- Gross Adjusted Income
- $58,200
- Gross Scheduled Income
- $60,000
- Insurance Expenses
- $1,176
- Gross Rent Multiplier
- 14.5
- Total Expenses
- $9,193
- Cap Rate
- 5.6
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 7215
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1988
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Patio, Sprinkler System
- Energy Source
- Electric
- School District
- University Place
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Curtis Snr High
- Gross Scheduled Income
- $60,000
- Vacancy Rate
- 3
- Gross Adjusted Income
- $58,200
- Tax Year
- 2024
- Insurance Expense
- $1,176
- Total Expenses
- $9,193
- Net Operating Income
- $49,007
- Gross Rent Multiplier
- 14.5
- 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.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.