Listed by Real Broker LLC, Bought with Keller Williams Downtown Sea
NOT LISTED FOR SALE
8 Beds
6 Baths
11,224 Sq Ft
0.52 Acres

Last Sold June 09, 2017

Last sale price $1,370,000 $122 Per Sq Ft

6 Days on Market

Highlights

  • 0.52 Acre Lot
  • Thermal Windows
  • High Speed Internet
  • Corner Lot
  • Patio
  • Property is in very good condition

About This Home

As of June 2017

8-Unit University Place Multifamily: 6% Cap. Quality built in 2006; two 4-plex buildings with 1244 sq.ft. town home-style units, each with 2bed/1.5bath, washer/dryer, fireplace, individual garage, and back yard with covered back patio. Solid, turn key Investment with low expense & HIGH INCOME. Immaculately maintained and fully occupied. Property sits on a .52-acre lot; plenty of parking surrounded by tall privacy hedges. Ideal location close to amenities and steps to Meadow Park Golf Course.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 04/27/2017

Last Buyer's Agent

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Keller Williams Downtown Sea

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1112215

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,346

Year Built

  • Built in 2006

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 205 x 131
  • Partially Fenced Property
  • Corner Lot
  • Sprinkler System
  • Property is in very good condition

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 11,224 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 15 Parking Spaces
  • 8 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220261011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,346

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2006
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 11224
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Slab
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 15
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County
  • WaterCompany: TPU
  • WaterSewerGarbage: 4180

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0220261011
  • Lot Size Acres: 0.52
  • Lot Size: 205 x 131
  • Lot Size Sq Ft: 22651
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 9365

Multi Family

  • Gross Scheduled Income: 112380
  • Net Operating Income: 81037
  • Number Of Units Total: 8
  • Electric Expense: 600
  • Insurance Expense: 2445
  • Leasable Area: 9952
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 17346

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2017 06/09/17 Sold $1,370,000 +1.5% $122 / Sq Ft
05/04/2017 05/04/17 Pending -- -- --
04/27/2017 04/27/17 For Sale $1,350,000 +14.4% $120 / Sq Ft
03/25/2016 03/25/16 Sold $1,180,000 -10.6% $119 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
11/17/2015 11/17/15 For Sale $1,320,000 -- $133 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1112215

Northwest Multiple Listing Service (NWMLS)

APN: 022026-101-1