1905-1924 87th Ave Ct W Ave W

    University Place, WA 98466
    • $1,850,000
    • STATUS: Active
    • ON SITE: 96 days
    • ID#: 1454459
    UPDATED: 170 min ago
    $1,850,000
    • 0
      BEDS
    • 1.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Better Properties N. Proctor.

    Description

    Rare investment opportunity! Four University Place duplexes situated in a private cul-de-sac off of South 19th near the Marina. Short walk to the beach, park or fine dining. These 8 units have cathedral ceilings and spacious floor plans. Units are updated and in turn-key condition. Extra detached 4 car garage perfect for contractor or car enthusiast. A beautiful creek flows through the property. Rents are low for this area. All 8 units have 2 bedrooms; 4 with 1 bath, 4 with 1.5 bath.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-19T00:15:40.827.

    www.costelloteam.com/homes/94771214

    1905-1924 87th Ave Ct W Ave W University Place, WA 98466

    • Price: $1,850,000
    • Status: Active
    • Updated: 170 min ago
    • ID#: 1454459
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.34
    Acres
    1979
    Built
    Neighborhood:
    University Place
    County:
    Pierce
    Area:
    University Place
    Elementary School:
    University Pl Primar
    Middle School:
    Curtis Jnr High
    High School:
    Curtis Snr High
    School District:
    University Place
    Property Description
    Rare investment opportunity! Four University Place duplexes situated in a private cul-de-sac off of South 19th near the Marina. Short walk to the beach, park or fine dining. These 8 units have cathedral ceilings and spacious floor plans. Units are updated and in turn-key condition. Extra detached 4 car garage perfect for contractor or car enthusiast. A beautiful creek flows through the property. Rents are low for this area. All 8 units have 2 bedrooms; 4 with 1 bath, 4 with 1.5 bath.
    Exterior Features

    Building Condition Good Carport Spaces 0 Construction Methods Standard Frame Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 8 Lot Details Cul-de-sacPaved Street Roof Composition Stories In Building 2 Style 52 - Duplex Total Parking Spaces 20 Uncovered Spaces 12

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 972 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 1 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 972 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 1 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 972 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 1 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 972 Unit4 Washer Dryer Y Unit5 Bathrooms 1.50 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 1 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 1220 Unit5 Washer Dryer Y Unit6 Bathrooms 1.50 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 1 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 1220 Unit6 Washer Dryer Y Units Below Grade N

    Property Features

    Amenities Playground Bank Owned No Cap Rate 6.50 Electrical Expenses 336 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 140400 Gross Rent Multiplier 13 Gross Scheduled Income 137400 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 5395 Leased Items None Net Operating Income 107453 New Construction YN No Other Expenses 0 Possession Closing Power Company Tpu Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Tpu Site Features DeckFenced-PartiallyOutbuildingsShop Tax Amount 19560 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 32947 Total Expenses TEX 32947 Total Monthly Income 11700 Unit1 Monthly Rent 1300 Unit2 Monthly Rent 1350 Unit3 Monthly Rent 1300 Unit4 Monthly Rent 1300 Unit5 Monthly Rent 1400 Unit6 Monthly Rent 1500 Vacancy Rate 0 Water Company Tpu Water Sewer Garbage 7656 Water Source Public

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Costello Team | Windermere Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-19T00:15:40.827.

     
    Costello Team | Windermere Real Estate
    100 116th Ave SE
    Bellevue WA, 98004
    Listing Courtesy of Better Properties N. Proctor.