2505 Conger Avenue NW Unit #A-C, Olympia, WA 98502
- $1,010,000
- 3,534
- SqFt
Listing courtesy of Windermere RE West Campus Inc. Selling Office: eXp Realty.
- Sold Price
- $1,010,000
- List Price
- $999,950
- Status
- SOLD
- MLS#
- 2194596
- Closing Date
- Mar 18, 2024
- Days on Market
- 6
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 3,534
- Area Total SqFt
- 3534
- Annual Tax Ammount
- 7288
- Internet Provider
- Xfinity/Comcast
- Lot Size (sq ft)
- 7,453
- Sewer
- Sewer Connected
Property Description
Rare investment opportunity with great rental cap rate, offering the potential for instant positive cash flow. Buyers & tenants will love calling this place home, perfectly situated in sought after NW Olympia, nestled in the forest. 2008 built tri-plex consisting of three townhomes, each with 3 bedrooms, 2 bathrooms, a private garage, additional parking space & personal decks. Thoughtful open floorplans allowing ease of living & maximized privacy. Incredible location making these homes a commuter's dream, a stone's throw from parks, groceries, gas stations, countless eateries & entertainment. This will make a great owner-occupied investment or addition to a real estate portfolio. New roof & Hardi plank siding in 2022. Invest in your future.
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Additional Information
- List Date
- 2024-03-12 00:00:00
- Community
- Olympia
- Net Operating Income
- $67,544
- Gross Adjusted Income
- $67,544
- Gross Scheduled Income
- $76,800
- Total Monthly Income
- $6,400
- Insurance Expenses
- $1,968
- Gross Rent Multiplier
- 13.02
- Total Expenses
- $9,256
- Cap Rate
- 6.75
- Total Number of Units
- 3
- Unit Name
- 2505
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 2008
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Olympia
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,400
- Gross Scheduled Income
- $76,800
- Gross Adjusted Income
- $67,544
- Tax Year
- 2023
- Insurance Expense
- $1,968
- Total Expenses
- $9,256
- Net Operating Income
- $67,544
- Gross Rent Multiplier
- 13.02
- Cap Rate
- 6.75
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.