1028 & 1032 Bethel Street NE, Olympia, WA 98506
- $644,500
- 2,528
- SqFt
Listing courtesy of Coldwell Banker Evergreen. Selling Office: Coldwell Banker Evergreen.
- Sold Price
- $644,500
- List Price
- $650,000
- Status
- SOLD
- MLS#
- 2213086
- Closing Date
- May 17, 2024
- Days on Market
- 14
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,528
- Area Total SqFt
- 2528
- Annual Tax Ammount
- 4328
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,194
- Sewer
- Available, Sewer Connected
- Offer Review Date
- 2024-04-09
Property Description
Well maintained duplex close to schools and shopping, bus routes. Same tenant in Unit 1032 for nearly 20 years. Both units on month to month. Walkin closets in both BRs. Roof, gutters and Hardi-plank siding new approximately 2014. Some kitchen appliances replaced. FAG furnace and gas hot water heater newer each side, approximately 2015 and 2011. Fenced backyards. Solid work shop/storage shed wired for electricity in back yard of each unit. Great corner lot. Auto SS tied to 1028 water meter. WSG currently paid by owner and calculated in NOI. Units are on a month to month lease. A great opportunity. Rents far below market currently.
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Additional Information
- List Date
- 2024-05-03 00:00:00
- Community
- Bigelow
- Net Operating Income
- $27,454
- Gross Adjusted Income
- $37,200
- Gross Scheduled Income
- $37,200
- Insurance Expenses
- $1,540
- Water/Sewer/Garbage Expenses
- $3,878
- Gross Rent Multiplier
- 17.5
- Total Expenses
- $9,746
- Cap Rate
- 4.22
- Total Number of Units
- 2
- Unit Name
- 1028 & 1032
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1994
- View
- Partial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet, Outbuildings, Patio, Sprinkler System
- Energy Source
- Natural Gas
- School District
- Olympia
- Elementary School
- Roosevelt Elementary
- Middle School
- Reeves Mid
- High School
- Olympia High
- Gross Scheduled Income
- $37,200
- Gross Adjusted Income
- $37,200
- Tax Year
- 2023
- Insurance Expense
- $1,540
- W/S/G Expenses
- $3,878
- Total Expenses
- $9,746
- Net Operating Income
- $27,454
- Gross Rent Multiplier
- 17.5
- Cap Rate
- 4.22
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.