3118 Morrison Rd W #A-D

University Place, WA 98466
$1,450,000
  • 4,704 Sq. Ft.
  • 1988 Year Built
  • 0.38 Acres

Property Highlights

Neighborhood:
University Place
Acreage:
0.38 acres

Listing Courtesy of Northwest MLS / Keller Williams Realty PS

  • Property Description
    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.
  • Property Details
    • MLS ID:
      1824480
    • Area:
      University Place
    • Community:
      University Place
    • County:
      Pierce County
    • Elementary School:
      Buyer To Verify
    • Flooring:
      Laminate, Vinyl, Carpet
    • High School:
      Buyer To Verify
    • Junior High School:
      Buyer To Verify
    • Lot Size:
      101' x 164' x 99' x 164'
    • Lot Size Sq. Ft.:
      16,553
    • Lot Style:
      Paved
    • Property Subtype:
      Multi-Family
    • Property Type:
      Residential Income
    • Status:
      Active
    • Year Built:
      1988
  • Additional Highlights
    • Exterior:
      Wood, Wood Products
    • Furnished:
      Unfurnished
    • Heating / Cooling:
      Wall
    • Parking:
      7
    • Roofing:
      Composition
    • Total Number of Units:
      4
    • View:
      Territorial
    • Water Source:
      Public
  • Amenities
    • Site Features:
      Cable TV, Deck, Fenced-Partially
  • Taxes and Fees
    • Taxes (Est):
      $11,220
    • Taxes (Year):
      2021

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Location

3118 Morrison Rd W #A-D, University Place Washington, 98466 United States

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3118 Morrison Rd W #A-D, University Place, Washington 98466 United States

University Place Neighborhood

Price Range :
$207K-$2.4M

University Place

A relatively young city home to over 31,000 residents, University Place has been shaped for its idyllic community, where residents live, work, and play. Its western shore lies along the Puget Sound, presenting waterfront opportunities for those who seek a piece of saltwater shoreline to call their own. Most easily categorized as a suburb of nearby Tacoma or even of Seattle, the city was incorporated in 1995, and upon celebrating its 25th anniversary,...

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Local Info

HIGH SCHOOL

Curtis Senior High

Grade :
10 - 12
Address :
8425 40th W
ELEMENTARY SCHOOL

Evergreen Primary

Grade :
PK - 4
Address :
7102 40th St W
MIDDLE SCHOOL

Narrows View Intermediate

Grade :
5 - 7
Address :
7813 44th St W

Private Schools

  • School
  • Grade
  • Address
  • Montessori In Motion
  • PK - K
  • 7323 27th St W

School data provided by SchoolDigger.

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3118 Morrison Rd W #A-D, University Place Washington, 98466 United States

Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.

Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.