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Listing Provided by Keller Williams Realty PS  
$1,450,000
3118 Morrison Rd W A-D, University Place, WA 98466
12 Beds
4 Baths
4,704 sqft

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Listing Provided by Keller Williams Realty PS  
Amazing opportunity to own this tenant-occupied 4-plex in University Place! Ideally located in the highly desired UP School District & walkable to shopping & transit. Each 3-bed, 1.75 bath unit has an identical layout & includes an open kitchen w/ eating space, separate dining area, spacious living room w/ fireplace, laundry area, a covered deck w/ storage, plus all appliances are included. Tenants love the unique layout that offers extra privacy via a separate hall to the master suite w/ attached bath. Outside find plenty of parking including 4 covered spots & a large common area. Units have been fully occupied for 8 years, all tenants are current & no vacancies are expected. Rents increase to $2,030/month on 11/1/21. New cap rate is 5.3%!
  • Price:
  • $1,450,000
  • Bedrooms:
  • 12
  • Square Footage:
  • 4,704
  • Acreage:
  • 0.38
  • Year Built:
  • 1988
  • Listing ID #:
  • NWM1789722
  • Street Address:
  • 3118 Morrison Rd W A-D
  • City:
  • University Place
  • State:
  • Washington
  • Postal Code:
  • 98466
  • County:
  • Pierce
  • Community:
  • 34 - University Place
  • Subdivision:
  • University Place
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Approximate Square Footage Range:
  • 4704
  • Building Condition:
  • Good
  • Exterior Description:
  • Wood, Wood Products
  • Flooring:
  • Laminate, Vinyl, Carpet
  • Foundation:
  • Poured Concrete
  • Furnished:
  • Unfurnished
  • Leasable Square Feet:
  • 4704
  • Number Of Units:
  • 4
  • Stories:
  • 2
  • Structure:
  • Quadruplex
  • Style:
  • 54 - 4-Plex
  • Total Building Square Footage:
  • 4704
  • Type Of Roof:
  • Composition
  • View:
  • Territorial
  • Year Built:
  • 1988
  • Annual Insurance Expenses:
  • 1788
  • Net Operating Income:
  • 60812
  • Lot Features:
  • Paved
  • Lot Size Units:
  • Square Feet
  • Lot Square Footage:
  • 16553
  • Suitable Use:
  • Multi-Family
  • On Market Date:
  • 2021-06-16
  • Originating Mls:
  • Nwmls
  • Terms:
  • Cash Out, Conventional
  • Subdivision:
  • University Place
  • Association Fee Payment Frequency:
  • Annually
  • Property Taxes:
  • $11,220
  • Tax Year:
  • 2021
  • Number Of Carport Spaces:
  • 4
  • Parking Spaces:
  • 7
  • Uncovered Parking Spaces:
  • 3
  • Existing Water:
  • Public
  • Sewage Type:
  • Sewer Connected
  • Unit 1 Monthly Rent:
  • 1700
  • Unit 1 Name:
  • A
  • Unit 1 Square Footage:
  • 1176
  • Unit 1 Total Bathrooms:
  • 1.75
  • Unit 1 Total Bedrooms:
  • 3
  • Unit 2 Monthly Rent:
  • 1700
  • Unit 2 Name:
  • B
  • Unit 2 Square Footage:
  • 1176
  • Unit 2 Total Bathrooms:
  • 1.75
  • Unit 2 Total Bedrooms:
  • 3
  • Unit 3 Monthly Rent:
  • 1700
  • Unit 3 Name:
  • C
  • Unit 3 Square Footage:
  • 1176
  • Unit 3 Total Bathrooms:
  • 1.75
  • Unit 3 Total Bedrooms:
  • 3
  • Unit 4 Monthly Rent:
  • 1695
  • Unit 4 Name:
  • D
  • Unit 4 Square Footage:
  • 1176
  • Unit 4 Total Bathrooms:
  • 1.75
  • Unit 4 Total Bedrooms:
  • 3
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided by Keller Williams Realty PS
  • Disclaimer: The information contained in this listing has not been verified by the member's firm and should be verified by the buyer. WANWMLS

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