1905-1924 87th Ave Ct W Ave W $1,850,000


    1905-1924 87th Ave Ct W Ave W University Place, WA 98466

    • 0 Beds
    • 0 Baths
    • Multi-Family
    Listing# 1454459 | Pending
    Days On Market: 157 4 Views
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    Property Details

    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.

    • General Features
      • County Pierce
      • County Pierce
      • Lot Details Cul-de-sac, Paved Street
      • Lot Square Footage 58,372
      • Number of Stories 2
      • Number of Units 8
      • Selling Office Commission 2.5
      • Site Features Deck, Fenced-Partially, Outbuildings, Shop
      • Style 52-Duplex
      • Year Built 1979
    • Building Features
      • Roof Compostion
      • Exterior Wood, Wood Products
      • Amenities Playground
      • Approx SqFt 0
      • Floor Covering Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $11,700
      • Net Operating Income $107,453
      • Gross Scheduled Income $137,400
      • Gross Adjusted Income $140,400
      • Total Expenses $32,947
      • Other Expenses $0
      • Insurance Expenses $5,395
      • Expenses $32,947
      • Heating Expenses $0
      • Electrical Expenses $336
      • Gross Rent Multiplier 13
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $19,560
      • Energy Source Electric
      • Heating and Cooling Wall
      • Water Company TPU
      • Sewer Company Sewer Connected
    • Schools
      • School District University Place
      • Senior High Curtis Snr High
      • Junior High Curtis Jnr High
      • Elementary School University Pl Primar



    98466 (University Place) Demographics

    37Median Age
    4,541Population Density (per sq. mile)
    44%College Educated
    $55,476 Estimated Median Income
    5,762Estimated Total Home Owners
    5,412Estimated Total Renters
    52% / 48%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    27,103Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $400,000 Median Sales Price
    25 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,850,000
        9/7/2019 1:41:20 PM Status Changed Source New Value: Pending
        6/5/2019 9:41:12 PM Price Reduced Source New Value: $1,850,000 -2.63%
        5/14/2019 6:11:00 PM New in Database Source New Value: $1,900,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.