2116 Soroya Court SW, Olympia, WA 98502
- $873,000
- 4,532
- SqFt
Listing courtesy of Mondau Real Estate. Selling Office: Skyline Properties, Inc..
- Sold Price
- $873,000
- List Price
- $895,000
- Status
- SOLD
- MLS#
- 2125549
- Closing Date
- Oct 10, 2023
- Days on Market
- 94
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 4,532
- Area Total SqFt
- 4532
- Annual Tax Ammount
- 6324
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 9,522
- Sewer
- Sewer Connected
Property Description
Welcome to the perfect investment opportunity! This exceptional property features four spacious 2-bedroom, 1-bath units. Highly desired West Olympia location. Well maintained condition, fresh exterior paint, rents are currently below market value, it offers an excellent return on investment. Each unit has their own garage as well as 1 reserved space along with ample guest parking. Situated in a vibrant community, it fosters long-term tenancies and remarkable profitability. Current cap rate at 4.2% with realistic cap rate at 7.18% at market rent. Contact us now to maximize returns on this exceptional investment!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2023-07-08 00:00:00
- Community
- Westside
- Net Operating Income
- $44,254
- Gross Adjusted Income
- $59,520
- Gross Scheduled Income
- $59,520
- Total Monthly Income
- $4,960
- Insurance Expenses
- $1,634
- Water/Sewer/Garbage Expenses
- $4,850
- Gross Rent Multiplier
- 16.38
- Total Expenses
- $15,263
- Cap Rate
- 4.5
- Total Number of Units
- 4
- Unit Name
- 2116
- Potential Terms
- Cash Out, Conventional, VA Loan
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet
- Other Expenses
- 2455
- Energy Source
- Electric, Wood
- School District
- Olympia
- High School
- Capital High
- Total Monthly Income
- $4,960
- Gross Scheduled Income
- $59,520
- Gross Adjusted Income
- $59,520
- Tax Year
- 2023
- Insurance Expense
- $1,634
- W/S/G Expenses
- $4,850
- Total Expenses
- $15,263
- Net Operating Income
- $44,254
- Gross Rent Multiplier
- 16.38
- Cap Rate
- 4.5
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.