1200 10th Avenue SE, Olympia, WA 98501
- $510,000
- 1,874
- SqFt
Listing courtesy of Green Path Real Estate. Selling Office: Skyline Properties, Inc..
- Sold Price
- $510,000
- List Price
- $549,950
- Status
- SOLD
- MLS#
- 2141748
- Closing Date
- Jan 10, 2024
- Days on Market
- 133
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 1,874
- Area Total SqFt
- 1874
- Annual Tax Ammount
- 3121
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 12,000
- Sewer
- Sewer Connected
Property Description
Remodeled Tri-Plex on large lot in Central Olympia. Easy walking distance to Downtown, the Capitol and Waterfront. New windows, exterior paint, roof and gutters. All units have been freshly painted and new floor covering installed when current tenants moved in. All units have private yards. Each unit has 3 parking spaces, plus extra parking off alley. Please do not disturb the tenants!!! Tenants pay all utilities. Great cash flow 7.9 cap rate. Interior inspection with 48-hour notice. NO Sign. All units have washer dryer hookups.
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Additional Information
- List Date
- 2023-08-30 00:00:00
- Community
- Eastside Olympia
- Net Operating Income
- $47,238
- Gross Adjusted Income
- $51,780
- Gross Scheduled Income
- $51,780
- Total Monthly Income
- $4,315
- Insurance Expenses
- $1,421
- Gross Rent Multiplier
- 11.49
- Total Expenses
- $4,542
- Cap Rate
- 7.9
- Total Number of Units
- 3
- Unit Name
- 1200
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1901
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Gas Available, High Speed Internet, RV Parking
- Energy Source
- Electric, Natural Gas
- School District
- Olympia
- Total Monthly Income
- $4,315
- Gross Scheduled Income
- $51,780
- Gross Adjusted Income
- $51,780
- Tax Year
- 2023
- Insurance Expense
- $1,421
- Total Expenses
- $4,542
- Net Operating Income
- $47,238
- Gross Rent Multiplier
- 11.49
- Cap Rate
- 7.9
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.