8512 8514 31st St W, University Place, WA 98466

$1,025,000
3,640
SqFt

Listing courtesy of Keller Williams Tacoma.

List Price
$1,025,000
Status
PENDING INSPECTION
MLS#
1695811
Days on Market
42
Style
53 - Tri-plex
Building Condition
['Very Good']
Finished SqFt
3,640
Lot Size (sq ft)
13,350

Property Description

Welcome Home! Incredible opportunity on this gorgeous hm + detach grg w/ADU & 2nd liv area. Detach grg ADU rents for $4,250 /mo. You will love the amazing quality craftsmanship & designer touches thruout this impeccably maintained property. Main hm has spacious flr plan, lovely liv space w/gas fp, gourmet kit w/island & din area, rec rm, luxurious master w/its own cov deck, 4 total bds, 2.5 bas, 2 upstairs loft areas & 2,560 sqft. Detach 2 car grg ADU lwr lvl features 280 sqft studio & upper lvl 800 sqft, 2 bd, 1 ba unit. All appls in home & ADU incl! Incl 2 parcels, fully fenced & UP Schools. Main hm not currently rented; owner occ & not included in total rental income. Estimated rents for main hm range between $2800-$3500/mo addl income.

Additional Information

List Date
2020-12-04 00:00:00
Community
University Place
Property Type
MULT
Stories
2
Potential Terms
Cash Out, Conventional, See Remarks
Year Built
2014
Total Parking
6
Uncovered Parking
4
Exterior
Cement Planked
Roof
Composition
Site Features
Cable TV, Deck, Dog Run, Fenced-Fully, Outbuildings, Patio, Sprinkler System
Lot Details
Paved Street
School District
University Place
Total Monthly Income
$4,250
Gross Scheduled Income
$51,000
Vacancy Rate
5
Gross Adjusted Income
$48,450
Annual Taxes
$7,873
Tax Year
2020
Insurance Expense
$1,461
W/S/G Expenses
$811
Total Expenses
$11,616
Net Operating Income
$39,384
Gross Rent Multiplier
20
Cap Rate
3

Room Dimensions

Unit 1 Beds
4
Unit 1 Baths
2.50
Unit 1 Size
2560
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 2 Rent
$2,300
Unit 3 Baths
1.00
Unit 3 Size
280
Unit 3 Rent
$1,950
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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