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Lisa Corelli

Lisa Corelli
Your Choice Real Estate NW

253-677-4844

Contact Me

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Listing 1 out of 11
$1,850,000 For Sale

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

8 units | Multi Family Home
1.34 acres - MLS# 1454459 Courtesy of Better Properties N. Proctor
Property Photo
1/9

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.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Pierce County
  • Zip Code: 98466
  • Year Built: 1979
  • School District: University Place
  • Elementary School: University Pl Primar
  • Middle School: Curtis Jnr High
  • High School: Curtis Snr High
  • Stories: Duplex
  • Units: 8 units
  • Garage: 4+-Car
  • # of Parking Spaces: 8, 20
  • Lot Size: 1.34 acres
  • Area: University Place
  • Amenities: Playground
  • Area Number: 32
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.50
  • Bathrooms Unit 6: 1.50
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 2
  • Bedrooms Unit 4: 2
  • Bedrooms Unit 5: 2
  • Bedrooms Unit 6: 2
  • Building Condition: Good
  • Cap Rate - NOI div LP: 6.50
  • Electrical Expenses: $336
  • Energy Source(heat): Electric
  • Exterior: Wood, Wood Products
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $140400
  • Gross Rent Multiplier: $13
  • Gross Scheduled Income: $137400
  • Heating/Cooling: Wall
  • Insurance Expenses: $5395
  • Lot Details: Cul-de-sac, Paved Street
  • Net Operating Income: $107453
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 12
  • Power Company: Tpu
  • Rent Unit 1: $1300
  • Rent Unit 2: $1350
  • Rent Unit 3: $1300
  • Rent Unit 4: $1300
  • Rent Unit 5: $1400
  • Rent Unit 6: $1500
  • Roof: Composition
  • Sewer Company: Tpu
  • Site Features: Deck, Fenced-Partially, Outbuildings, Shop
  • Square Feet Unit 1: 972
  • Square Feet Unit 2: 972
  • Square Feet Unit 3: 972
  • Square Feet Unit 4: 972
  • Square Feet Unit 5: 1220
  • Square Feet Unit 6: 1220
  • Street Number Modifier: 1924
  • Total Expenses: $32947, $32947
  • Total Garage Capacity: 8
  • Total Monthly Income: $11700
  • Water Company: Tpu
  • Water Source: Public
  • Water/Sewer/Garbage: 7656
Courtesy of Better Properties N. Proctor
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Your Choice Real Estate NW are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-07-16

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Lisa Corelli | 253-677-4844 | Contact Me
Puyallup, WA 98375
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