NOT LISTED FOR SALE
-- Bed
-- Bath
4,532 Sq Ft
0.3 Acres

Last Sold October 02, 2020

Last sale price $650,000 $143 Per Sq Ft

12 Days on Market

Highlights

  • Deck
  • Territorial View
  • Wood Siding
  • Thurgood Marshall Middle School Rated A-
  • High Speed Internet
  • Wall to Wall Carpet

About This Home

As of October 2020

Great investment opportunity for a 4-plex in a prime location! With close proximity to the freeway, state offices, schools, shopping & restaurants, this well-maintained building rarely experiences vacancies. Featuring four 2-BR/1-BA units, each with it's own one car garage. Don’t purchase based on proforma! Current CAP rate is above 5%.

Last Listed By

Tim Lynch

Olympic Sotheby's Int'l Realty License #117939 Listed on: 07/24/2020

Olympic Sotheby's Int'l Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1634769

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,325

Year Built

  • Built in 1977

Lot Details

  • 0.3

HOA Fees

  • $139 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,532 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • Deck
  • 0.3 Acre Lot

Community Details

  • Westside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 65240001600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,325

Year Built

Built in 1977

Lot Details

0

HOA Fees

$139 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4532
  • Special Features: None
  • Cumulative Days on Market: 277

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 5051

Condo/Co-op/Association

  • Association Fee: 1671
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 65240001600
  • Lot Size Acres: 0.2978
  • Lot Size Sq Ft: 12973
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1301
  • LeasedItems: None
  • TotalMonthlyIncome: 4165

Multi Family

  • Gross Scheduled Income: 49980
  • Net Operating Income: 33039
  • Number Of Units Total: 4
  • Insurance Expense: 2035
  • Leasable Area: 3650
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7325

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $650,000 0.0% $143 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $650,000 -- $143 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1634769

Northwest Multiple Listing Service (NWMLS)