If you need assistance, please call 253-381-5608

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

Share

   
OR
Photos
Map
Need help calculating monthly payments on this home? Estimate your mortgage here.
powered by CINC
Listing Provided by Keller Williams Realty PS  
Effective 11/1, NEW Cap Rate of 5.3%. 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 & large common area. Units have been fully occupied for 8 years, all tenants current & no vacancies. Rents increase to $2,030/month on 11/1/2021.
  • Price:
  • $1,450,000
  • Square Footage:
  • 4,704
  • Acreage:
  • 0.38
  • Year Built:
  • 1988
  • Listing ID #:
  • NWM1824480
  • Street Address:
  • 3118 Morrison Rd W A-D
  • City:
  • University Place
  • State:
  • Washington
  • Postal Code:
  • 98466
  • County:
  • Pierce
  • Community:
  • 32 - University Place
  • Subdivision:
  • University Place
  • Listing Status:
  • Pending
  • 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
  • Interior Features:
  • Wall To Wall Carpet, Laminate
  • 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:
  • 76712
  • 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
  • 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
  • Utilities:
  • Cable Connected, Sewer Connected, Electricity Available, Wood
  • Unit 1 Monthly Rent:
  • 2030
  • Unit 1 Name:
  • A
  • Unit 1 Square Footage:
  • 1176
  • Unit 1 Total Bathrooms:
  • 1.75
  • Unit 1 Total Bedrooms:
  • 3
  • Unit 2 Monthly Rent:
  • 2030
  • Unit 2 Name:
  • B
  • Unit 2 Square Footage:
  • 1176
  • Unit 2 Total Bathrooms:
  • 1.75
  • Unit 2 Total Bedrooms:
  • 3
  • Unit 3 Monthly Rent:
  • 2030
  • Unit 3 Name:
  • C
  • Unit 3 Square Footage:
  • 1176
  • Unit 3 Total Bathrooms:
  • 1.75
  • Unit 3 Total Bedrooms:
  • 3
  • Unit 4 Monthly Rent:
  • 2030
  • Unit 4 Name:
  • D
  • Unit 4 Square Footage:
  • 1176
  • Unit 4 Total Bathrooms:
  • 1.75
  • Unit 4 Total Bedrooms:
  • 3
$

$

%

$

$

$


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

Similar Properties

WANWMLS Listing Provided by TEC Real Estate Inc.
Image Unavailable
$1,495,000
1617 S Meridian, Puyallup, WA 98371
-- Sq Ft
-- Beds | -- Baths
ACTIVE
WANWMLS Listing Provided by Providencia Real Estate Srvcs
Image Unavailable
$1,500,000
9440 Delridge Way SW, Seattle, WA 98106
-- Sq Ft
-- Beds | -- Baths
ACTIVE
WANWMLS Listing Provided by Professional Realty Services
Image Unavailable
$1,500,000
35415 Sw 21st Ave, Federal Way, WA 98023
-- Sq Ft
-- Beds | -- Baths
ACTIVE