Looking to own an investment property and generate some passive income? Here is your opportunity. Beautiful duplex with town home-style units, 3 beds, 2.5 baths, individual 2-car garages & complete appliances. Fully occupied. Located in a quiet cul de sac on private street. Plenty of parking space. Nice quiet backyard. Current cap rate is based on tenants paying under market value rents.
Premier Real Estate PartnersLicense #138751Listed on: 07/07/2021
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1803130
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$7,633
Year Built
Built in 2002
Lot Details
0.44 Acre Lot
Cul-De-Sac
Home Design
Duplex
Composition Roof
Wood Composite
Interior Spaces
3,140 Sq Ft Home
2-Story Property
Flooring
Wall to Wall Carpet
Laminate
Parking
16 Parking Spaces
4 Covered Spaces
Open Parking
Utilities
Central Air
Cable TV Available
Community Details
University Place Subdivision
Listing and Financial Details
Assessor Parcel Number 400128-009-0
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$7,633
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: None
Cumulative Days on Market: 279
Interior Features
Possible Use: Multi-Family
Fireplace: No
Flooring: Laminate, Carpet
Interior Amenities: Central A/C, Forced Air, Laminate Tile, Wall to Wall Carpet
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
Exterior Features
Roof: Composition
Lot Features: Cul-De-Sac, Paved
View: No
Waterfront: No
Exterior Features: Wood Products
Structure Type: Duplex
Garage/Parking
Carport Y N: No
Covered Parking Spaces: 4
Open Parking Spaces: 12
Open Parking: Yes
Total Parking Spaces: 16
ParkingUncoveredSpaces: 12
Utilities
Sewer: Sewer Connected
Water Source: Public
Cooling Y N: Yes
Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
WaterSewerGarbage: 565
Condo/Co-op/Association
Senior Community: No
Schools
Junior High Dist: University Place
Lot Info
Parcel Number: 400128-009-0
Lot Size Acres: 0.4389
Lot Size Sq Ft: 19119
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Cable TV
MLSLotSizeSource: Realist
ZoningClass: Multi-Family
Green Features
Power Production Type: Electric, Natural Gas
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 18
LeasedItems: None
TotalMonthlyIncome: 4065
Multi Family
Gross Scheduled Income: 48780
Net Operating Income: 39619
Number Of Units Total: 2
Insurance Expense: 936
Leasable Area: 3140
EnergySource: Electric,Natural Gas
UnitsBelowGrade: false
VacancyRate: 0
Tax Info
Year: 2021
Tax Annual Amount: 7633
Ownership History
DateNameOwned ForOwner Type
Aug 2021 - PresentZhade Bheemrao and Zhade Sushma3 Years and 9 Months
Private Individual
Purchase Details
Listed on
Jul 7, 2021
Closed on
Aug 26, 2021
Sold by
Fuller Jacqueline
Bought by
Zhade Bheemrao and Zhade Sushma
Seller's Agent
Andres Montes-Mattern
Premier Real Estate Partners
Buyer's Agent
Jacob Wu
Skyline Properties, Inc.
List Price
$874,950
Sold Price
$857,000
Premium/Discount to List
-$17,950
-2.05%
Total Days on Market
21
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.
Estimated Appreciation
$151,388
Avg. Annual Appreciation
3.52%
Original Mortgage
$642,750
Outstanding Balance
$594,959
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$380,286
May 2017 - Aug 2021Fuller Jacqueline4 Years and 3 Months
Private Individual
Purchase Details
Closed on
May 11, 2017
Sold by
Kelly Paul
Bought by
Fuller Jacqueline
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
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
Closed on
Jan 25, 2016
Sold by
Shaker Fouad M and Shaker Patricia J
Bought by
Kelly Paul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
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 6624 46th Street Ct W, University Place, WA 98466 since 07 July 2021 and is currently estimated at $1,008,388, approximately $321 per square foot. This property was built in 2002. 6624 46th Street Ct 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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