5220 64th St W University Place, WA 98467

UNIVERSITY PLACE-AREA INVESTMENT & DEVELOPMENT OPPORTUNITY! Two parcels sold together. Parcel #0220265010 at 5220 64th St W features an unfinished home ready for completion. Framing, rough plumbing, electrical and HVAC/mechanical have passed inspection. Improvements include a new roof, windows, most doors, framed levels, code-compliant basement egress and upgraded 200A underground electrical service. The upgraded 3/4-inch water meter supports the potential addition of a bathroom and kitchen in the unfinished basement, offering studio, 1-bed/1-bath or 2-bed/1-bath rental configurations, subject to final permits and approvals. Temporary construction power is installed, inspected, signed off and active, providing power for construction and remodeling. Two approved DADU permits are in Ready-to-Issue status. Electrical connections are prepared, no off-site improvements are required, and water and sewer connections are included in the permit fees. Adjacent vacant Parcel #0220265011 at 6407 53rd Ave W offers additional development potential. A prior predevelopment concept explored two five-plex buildings/10 units; not approved or permitted. Near Joint Base Lewis-McChord (JBLM), shopping, dining, Tacoma Mall, Tacoma Community College, parks, Chambers Bay, transit, SR-16 and I-5. Buyer to verify all information, permits, costs and feasibility.