DUPLEX in University Place: 7.12% Current Cap Rate. Town home-style units, each with 3 beds, 2.5 baths, individual 2-car garages & complete appliances. Solid, turn key Investment with low expense & HIGH INCOME. Quality built in 2002; Immaculately maintained. Fully occupied: one tenant in lease through 3/2018; the other is month-to-month, which makes a great option for an owner-occupant buyer. Located on quiet cul de sac on private street; lots of open space; nice & quiet backyard.
Keller Williams Seattle MetroLicense #50261Listed on: 03/22/2017
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1088464
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$5,988
Year Built
Built in 2002
Lot Details
0.44 Acre Lot
Cul-De-Sac
Street terminates at a dead end
Partially Fenced Property
Property is in good condition
Home Design
Duplex
Poured Concrete
Composition Roof
Wood Siding
Wood Composite
Interior Spaces
3,140 Sq Ft Home
2-Story Property
Flooring
Wall to Wall Carpet
Laminate
Parking
14 Parking Spaces
4 Covered Spaces
Open Parking
Utilities
Natural Gas Connected
High Speed Internet
Cable TV Available
Community Details
University Place Subdivision
Listing and Financial Details
Assessor Parcel Number 4001280090
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$5,988
Year Built
Built in 2002
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi-Family
StyleCode: 52 - Duplex
Year Built: 2002
Buyer Agency Compensation: 2.5
MLS Status: Sold
Prev Status: Closed
New Construction: No
CalculatedSquareFootage: 3140
Special Features: VirtualTour
Cumulative Days on Market: 278
Interior Features
Possible Use: Multi-Family, Residential
Fireplace: No
Flooring: Laminate, Carpet
Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Tile
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
Exterior Features
Roof: Composition
Lot Features: Cul-De-Sac, Dead End Street, Paved
View: No
Waterfront: No
Exterior Features: Wood, Wood Products
Foundation Details: Poured Concrete
Property Condition: Good
Structure Type: Duplex
Garage/Parking
Carport Y N: No
Covered Parking Spaces: 4
Open Parking Spaces: 10
Open Parking: Yes
Total Parking Spaces: 14
ParkingUncoveredSpaces: 10
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: FullyFenced
Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
PowerCompany: Tacoma
SewerCompany: Pierce County
WaterCompany: Tacoma
WaterSewerGarbage: 741
Schools
Junior High Dist: University Place
High School: Buyer To Verify
Middle Or Junior School: Buyer To Verify
Lot Info
Parcel Number: 4001280090
Lot Size Acres: 0.4389
Lot Size Sq Ft: 19119
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
MLSLotSizeSource: Realist
ZoningJurisdiction: City
ZoningClass: Multi-Family,Residential
Green Features
Power Production Type: Electric, Natural Gas
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 11
LeasedItems: None
TotalMonthlyIncome: 3890
Multi Family
Gross Scheduled Income: 46680
Net Operating Income: 39149
Number Of Units Total: 2
Insurance Expense: 802
Leasable Area: 3140
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 0
Tax Info
Year: 2017
Tax Annual Amount: 5988
MLS Schools
Elementary School: Buyer To Verify
Ownership History
DateNameOwned ForOwner Type
Aug 2021 - PresentZhade Bheemrao and Zhade Sushma3 Years and 9 Months
Private Individual
Purchase Details
Closed on
Aug 26, 2021
Sold by
Fuller Jacqueline
Bought by
Zhade Bheemrao and Zhade Sushma
Total Days on Market
6
Current Estimated Value
$1,008,388
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$642,750
Outstanding Balance
$591,192
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$417,078
May 2017 - Aug 2021Fuller Jacqueline4 Years and 3 Months
Private Individual
Purchase Details
Listed on
Mar 22, 2017
Closed on
May 11, 2017
Sold by
Kelly Paul
Bought by
Fuller Jacqueline
Seller's Agent
Charles Burnett
Keller Williams Seattle Metro
Buyer's Agent
Daniel Okey
Better Properties N. Proctor
List Price
$550,000
Sold Price
$565,000
Premium/Discount to List
$15,000
2.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$423,750
Interest Rate
4.1%
Mortgage Type
New Conventional
Jan 2016 - May 2017Kelly Paul1 Year and 4 Months
Private Individual
Purchase Details
Listed on
Oct 7, 2015
Closed on
Jan 25, 2016
Sold by
Shaker Fouad M and Shaker Patricia J
Bought by
Kelly Paul
Seller's Agent
Piper Troxler
Engel & Voelkers Kirkland
List Price
$449,000
Sold Price
$418,000
Premium/Discount to List
-$31,000
-6.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.09%
Original Mortgage
$233,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Nov 2014 - Jan 2016The Shaker Family Trust1 Year and 2 Months
Private Individual
Purchase Details
Closed on
Nov 13, 2014
Sold by
Shaker Fouad M and Shaker Patricia J
Bought by
The Shaker Family Trust
Apr 2003 - Nov 2014Shaker Fouad M and Shaker Patricia J11 Years and 7 Months
Private Individual
Purchase Details
Closed on
Apr 1, 2003
Sold by
Walker Scott A
Bought by
Shaker Fouad M and Shaker Patricia J
Dec 2002 - Apr 2003Walker Scott A and Walker Lynae A4 Months
Private Individual
Purchase Details
Closed on
Dec 19, 2002
Sold by
C & G Ltd
Bought by
Walker Scott A and Walker Lynae A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.03%
Mortgage Type
Seller Take Back
Nov 2001 - Dec 2002C & G Ltd1 Year and 1 Month
Private Individual
Purchase Details
Closed on
Nov 2, 2001
Sold by
Hgh Construction Llc
Bought by
C & G Ltd
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Wonderful opportunity to own this fabulous duplex in a great area. Each unit has 3 bedrooms and a nice deck and back yard. Nice high ceilings and a living room fireplace too! Plenty of parking with a 1 car garage and 2 spaces in the driveway. This is on a dead end street too, so more privacy and less traffic. Each is in really good condition and has a heat pump.
Beautifully maintained duplex tucked at the end of a quiet street in desirable University Place! Both units feature bright, open layouts with cozy fireplaces, spacious kitchens with all appliances, dining rooms, deck access perfect for relaxing and attached garages. Detached 4-car tandem garage (832 sq ft) can be used for extra storage, rental income, or personal use. Unit 8106 offers 2 beds, 1
This is a great opportunity to purchase a duplex in University Place, just off Sunset Drive. Both units have 3 bedrooms, 1.75 bathrooms, 1,534 sq.ft, and an attached 1-car garage. The lower-level bedroom would also make a great home office or recreational room. You'll love the large backyard and its privacy. Newer laminate flooring in living/dining/kitchen, hallway; neutral wall colors, painted
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
This home is located at 6622 6624 46th Stct W, University Place, WA 98466 since 22 March 2017 and is currently estimated at $1,008,388, approximately $321 per square foot. This property was built in 2002. 6622 6624 46th Stct W is a home located in Pierce County with nearby schools including Evergreen Primary School, Narrows View Intermediate School, and Curtis Junior High School.
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