3006 Morrison Rd W

—
Beds
—
Baths
6,728 Sq. Ft.
$201 / Sq. Ft.
6,728
Sq. Ft.
$201
per Sq. Ft.

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...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!
  1. Listed by Pat Busick • Windermere Chambers Bay
    P: (253)-565-1121 pbusick@windermere.com

Property Details for 3006 Morrison Road West

Community Name
University Place
School District
University Place
View
Mountain(s), Territorial
Number of Assigned Spaces
14
Total Covered Parking
4
Entry Date
07-24-2023
Energy Source
Electric
Sewer
Sewer Connected
LISTING CLOSED: 10/04/2023 12:00 AM

Property Details for 3006 Morrison Road West

StatusSold
MLS #2142369
Days on Market42
Cumulative Days on Market42
Taxes$13,360 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1974
Lot Size0.61 AC / 26,446 SF
CountyPierce County

Location

Listing Courtesy of Windermere Chambers Bay

Sold By Kelly Right RE of Seattle LLC

Add your commute

Building Information for 3006 Morrison Road West

Stories2Residences4Year Built1974Building Size-Lot Size0.61 AC / 26,446 SF

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$7,841 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,727

Property Taxes

$1,113

HOA Dues

$0

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Property Information for 3006 Morrison Road West

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio, RV Parking
  • Area: 34 - University Place
  • Elementary School: Evergreen Primary
  • Middle Or Junior School: Curtis Jnr High
  • High School: Curtis Snr High
  • Directions: From I-5 N take exit 132 to Hwy 16 W. Take exit 1C to Fircrest. Turn Right on Center St which turns into Regents Blvd then veer left onto 27th St W. Left on Morrison, 4plex on right (up driveway)
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Vinyl, Carpet
  • Features: Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Stucco, Wood
  • Roof: Composition
  • Security Features: PartiallyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4925
  • Power Company: Tacoma
  • Sewer Company: Pierce
  • Water Company: Tacoma
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 32
Lot Information
  • Lot Details: Cul-De-Sac, Paved
  • Lot Size Source: Tax Records
  • Parcel Number Free Text: 943500-016-1
  • Building Condition: Good
  • Calculated Square Footage: 6728
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6728.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 10
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 21772
  • Gross Adjusted Income: 70628
  • Gross Rent Multiplier: 16.18
  • Gross Scheduled Income: $92,400
  • Insurance Expense: $3,487
  • Net Operating Income: $70,628
  • Other Expenses: $0
  • Total Monthly Income: 7700
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6728.0
  • Leasable Area Units: Square Feet

Property History for 3006 Morrison Road West

DateEvent & SourcePriceAppreciation
Oct 4, 2023

Sold

NWMLS #2142369

$1,350,000—
Sep 4, 2023

Pending

NWMLS #2142369

—
Aug 31, 2023

Price Change

NWMLS #2142369

$1,400,000—
DateEvent & SourcePrice
10/04/2023

Sold

NWMLS #2142369

$1,350,000
09/04/2023

Pending

NWMLS #2142369

—
08/31/2023

Price Change

NWMLS #2142369

$1,400,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3006 Morrison Road West

Taxable ValueLand$369,700Additions$950,300Total$1,320,000
Tax Record2026$15,578 ($1,298 / month)
Home Facts
Total Finished SqFt3,364 SqFtAbove Ground SqFt2,212 SqFtFinished Basement SqFt1,152 SqFtStories1Lot Size26,446 SqFtStyleDuplexYear Built1974Year Renovated1985ZoningMFCountyPIERCEAPN9435000161Fireplace TypeHas Fireplace

Schools near 3006 Morrison Road West

This home is within University Place School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - 5 to 7
Public - 8 to 9
Rating
School
Distance
Evergreen Primary School
PublicPK to 4

Sunset Primary School
PublicPK to 4

Drum Intermediate School
Public5 to 7

Curtis Junior High School
Public8 to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Chambers Bay

Based on information submitted to the MLS GRID as of 09/05/2024 05:47 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.