7710 22nd Street Ct W, University Place, WA 98466
- $646,000
- 1,932
- SqFt
Listing courtesy of Paul Williams Real Estate LLC. Selling Office: RE/MAX Integrity.
- Sold Price
- $646,000
- List Price
- $639,950
- Status
- SOLD
- MLS#
- 2333085
- Closing Date
- Mar 26, 2025
- Days on Market
- 2
- Style
- 52 - Duplex
- Finished SqFt
- 1,932
- Area Total SqFt
- 1932
- Annual Tax Ammount
- 6798
- Lot Size (sq ft)
- 16,553
- Sewer
- Sewer Connected
Property Description
Duplex in the heart of University Place. 7708 & 7710 are 966 sqft, 2 bed, 1 bath, fireplace, sunken living, covered patio, W/D hookup, 1 car garage, fenced backyard, and extra parking on each side. Quiet dead end street with easy access to JBLM, Tacoma, I-5, Hwy 16, the Sounder Train, golf course, Puget Sound beaches, Tacoma Community College, and lots of shopping and services. University Place schools are among the best in the county and state. Zillow's Rent Zestimate reveals potential cap rate of nearly 7%. Great rental history with long term tenants and low insurance premiums. Landlord pays sewer and tenants cover yard maintenance, water, electricity, and garbage. Make offer subject to inspection. DO NOT DISTURB TENANTS.
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Additional Information
- List Date
- 2025-03-24 00:00:00
- Community
- University Place
- Net Operating Income
- $33,309
- Gross Adjusted Income
- $43,800
- Gross Scheduled Income
- $43,800
- Total Monthly Income
- $3,650
- Insurance Expenses
- $753
- Water/Sewer/Garbage Expenses
- $2,940
- Gross Rent Multiplier
- 14.6
- Total Expenses
- $10,491
- Cap Rate
- 5.2
- Total Number of Units
- 2
- Unit Name
- 7710
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1969
- Roof
- Composition
- Site Features
- Fenced-Fully, Patio
- Energy Source
- Electric, Wood
- School District
- University Place
- Elementary School
- University Pl Primar
- Middle School
- Narrows View Interme
- High School
- Curtis Snr High
- Total Monthly Income
- $3,650
- Gross Scheduled Income
- $43,800
- Gross Adjusted Income
- $43,800
- Tax Year
- 2024
- Insurance Expense
- $753
- W/S/G Expenses
- $2,940
- Total Expenses
- $10,491
- Net Operating Income
- $33,309
- Gross Rent Multiplier
- 14.6
- Cap Rate
- 5.2
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.