Bought with eXp Realty
$600,000
$650,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
2,231 SqFt
SOLD DATE : 10/18/2024
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,231 sqft
Price per Sqft $268
Subdivision Olympia
MLS Listing ID 2275691
Sold Date 10/18/24
Style 55 - 5-9 Units
Year Built 1936
Annual Tax Amount $4,872
Lot Size 6,000 Sqft
Property Description
Investor Alert! Exceptional opportunity to own this 5-unit multifamily property in the heart of downtown Olympia. Rents are significantly below market presenting good upside potential for the savvy investor. The property consists of two spacious 1-bed units (620+- sq ft each), two compact 1-bed units (300+- sq ft each), and one cozy studio (200+- sq ft). Coin op laundry on site. 2-car garage off the alley has been utilized by the owner but could be converted to tenant storage for added income. All units are individually metered and are connected to city utilities. Close to restaurants, shopping, parks & more. Don't miss out on this chance to capitalize on Olympia's growing rental market. Opportunity knocks!
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace Yes
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Cable TV, Fenced-Partially, High Speed Internet
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
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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