Duplex in the heart of University Place. A diamond in the rough. Rents are grossly under market value. Unit 3127 is in pretty good condition. Unit 3129 is in poor condition w/ a long term tenant that has been hording. 3129 will need a full remodel. Both units are daylight basement ramblers. Each side has 2 bedrooms & 1 full bath, family room, kitchen & nook up. Then 1 bedroom, a full bath & extra room down w/a bonus room. The property consists of 6 25 ft lots of record, so potentially could have 3 homes built on the property. Condition of unit 3129 will keep it from traditional financing. Potential 203k Rehab loan candidate, or some lenders have similar rehab programs. Seller willing to provide some financing. Do not disturb tenants.
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