3006 Morrison Road W, University Place, WA 98466
- $1,350,000
- 6,728
- SqFt
Listing courtesy of Windermere Chambers Bay. Selling Office: Kelly Right RE of Seattle LLC.
- Sold Price
- $1,350,000
- List Price
- $1,400,000
- Status
- SOLD
- MLS#
- 2142369
- Closing Date
- Oct 04, 2023
- Days on Market
- 42
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 6,728
- Area Total SqFt
- 6728
- Annual Tax Ammount
- 13360
- Lot Size (sq ft)
- 26,446
- Sewer
- Sewer Connected
Property Description
Discover an exceptional investment opportunity in the heart of University Place - not one, but TWO duplexes, each with 3 generously-sized bedrooms and 1.75 baths in each unit. Tenants love the vaulted ceilings and thoughtfully designed spaces. Each unit has a living room, rec room and deck with fully fenced yard providing privacy. A sprawling extra-large lot provides ample space for cars, combined with the ease of attached one car garages for each unit. New roof installed on 3008 A/B 2 years ago and each unit has undergone periodic updates. UP school district and a high walkability score to UP town center make this an excellent investment opportunity!
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Additional Information
- List Date
- 2023-08-23 00:00:00
- Community
- University Place
- Net Operating Income
- $70,628
- Gross Adjusted Income
- $70,628
- Gross Scheduled Income
- $92,400
- Total Monthly Income
- $7,700
- Insurance Expenses
- $3,487
- Water/Sewer/Garbage Expenses
- $4,925
- Gross Rent Multiplier
- 16.18
- Total Expenses
- $21,772
- Cap Rate
- 4.72
- Total Number of Units
- 4
- Unit Name
- 3006
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1974
- View
- Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio, RV Parking
- Energy Source
- Electric
- School District
- University Place
- Elementary School
- Evergreen Primary
- Middle School
- Curtis Jnr High
- High School
- Curtis Snr High
- Total Monthly Income
- $7,700
- Gross Scheduled Income
- $92,400
- Gross Adjusted Income
- $70,628
- Tax Year
- 2023
- Insurance Expense
- $3,487
- W/S/G Expenses
- $4,925
- Total Expenses
- $21,772
- Net Operating Income
- $70,628
- Gross Rent Multiplier
- 16.18
- Cap Rate
- 4.72
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.