507 Kaiser Road NW, Olympia, WA 98502
- $600,000
- 1,902
- SqFt
Listing courtesy of Kenzie Properties LLC. Selling Office: Better Properties N. Proctor.
- Sold Price
- $600,000
- List Price
- $617,000
- Status
- SOLD
- MLS#
- 2180926
- Closing Date
- Mar 19, 2024
- Days on Market
- 183
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 1,902
- Area Total SqFt
- 1902
- Annual Tax Ammount
- 4385
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 27,443
- Sewer
- Septic Tank
Property Description
8% Cap Rate! 3 units on 2/3 acre on Olympia's Westside. Duplex plus single family home. Unit A: 1 bed / 1 full bath w/ attached carport; Unit B: Studio Apt w/ full bath. Unit C: 2 bed / 1 full bath & loft. Updated interiors. Property has wide circular driveway w/ 4 additional parking spaces. Accessibility cannot be beat! One block to bus stop and 1/4 mile to 101 freeway. Owner will pay for professional placement of new tenants for all units. All units are currently operating as a 4.78-star Airbnbs. Furnishings can be purchased outside of closing for $10,000. Please do not disturb guests. Tours available - must be accompanied by an agent.
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Additional Information
- List Date
- 2023-09-18 00:00:00
- Community
- Westside
- Net Operating Income
- $49,485
- Gross Adjusted Income
- $57,570
- Gross Scheduled Income
- $60,600
- Total Monthly Income
- $5,250
- Insurance Expenses
- $1,500
- Gross Rent Multiplier
- 10.18
- Total Expenses
- $8,085
- Cap Rate
- 8
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 507
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1970
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet, Outbuildings, Patio, RV Parking
- Other Expenses
- 2200
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Mclane Elem
- Middle School
- Marshall Middle
- High School
- Capital High
- Total Monthly Income
- $5,250
- Gross Scheduled Income
- $60,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $57,570
- Tax Year
- 2023
- Insurance Expense
- $1,500
- Total Expenses
- $8,085
- Net Operating Income
- $49,485
- Gross Rent Multiplier
- 10.18
- Cap Rate
- 8
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.