Bought with Starnberg Realty Inc
$1,440,500
$1,450,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
4,704 SqFt
SOLD DATE : 02/03/2022
Key Details
Sold Price $1,440,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,704 sqft
Price per Sqft $306
Subdivision University Place
MLS Listing ID 1789722
Sold Date 02/03/22
Style 54 - 4-Plex
Year Built 1988
Annual Tax Amount $11,220
Lot Size 0.380 Acres
Lot Dimensions 101' x 164' x 99' x 164'
Property Sub-Type Multi-Family
Property Description
Effective 11/1, NEW Cap Rate of 5.3%. Amazing opportunity to own this tenant-occupied 4-plex in University Place! Ideally located in the highly desired UP School District & walkable to shopping & transit. Each 3-bed, 1.75 bath unit has an identical layout & includes an open kitchen w/ eating space, separate dining area, spacious living room w/ fireplace, laundry area, a covered deck w/ storage, plus all appliances are included. Tenants love the unique layout that offers extra privacy via a separate hall to the master suite w/ attached bath. Outside find plenty of parking including 4 covered spots & large common area. Units have been fully occupied for 8 years, all tenants current & no vacancies. Rents increase to $2,030/month on 11/1/2021.
Location
State WA
County Pierce
Area 34 - University Place
Interior
Interior Features Laminate, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Cable Connected, Sewer Connected, Electric, Wood
Amenities Available Cable TV, Deck, Fenced-Partially
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District University Place
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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