Bought with Networks Real Estate LLC
$535,000
$585,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
4,896 SqFt
SOLD DATE : 07/16/2021
Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,896 sqft
Price per Sqft $109
Subdivision Capital Campus
MLS Listing ID 1774554
Sold Date 07/16/21
Style 55 - 5-9 Units
Year Built 1909
Annual Tax Amount $4,853
Lot Size 6,765 Sqft
Property Description
Own a piece of Olympia History in ever popular South Capitol District. Well loved by current owners for over 40 years. This 5 plex features 2 one bedroom units, 2 studio apartments and 1 two bedroom 1.75 bath unit. Just around the corner from Lincoln Elementary and just blocks from Capital Campus. Always Rented! Long...LONG term tenants...one has been there for 30 years. These don't come up often and when they do they don't last long. Some deferred maintenance but price reflects that. The 3 rules of real estate apply here...LOCATION LOCATION LOCATION! Price reflects some deferred maintenance needed but NOT overwhelming. This is a $$ maker ALL DAY LONG! Build your portfolio with a guaranteed winner. PRO FORMA RENTS STILL BELOW MARKET!
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Interior Features Forced Air, Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, Sewer Connected, Electric, Natural Gas Connected
Amenities Available Cable TV, Fenced-Partially
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Lincolnelem
Middle Schools Wash Mid
High Schools Olympia High
School District Olympia
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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