515 Fire Willow Street NW, Olympia, WA 98502
- $1,330,000
- 5,870
- SqFt
Listing courtesy of Coldwell Banker Evergreen. Selling Office: ShopProp Inc..
- Sold Price
- $1,330,000
- List Price
- $1,350,000
- Status
- SOLD
- MLS#
- 2215586
- Closing Date
- May 17, 2024
- Days on Market
- 4
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 5,870
- Area Total SqFt
- 5870
- Annual Tax Ammount
- 13454
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 10,865
- Sewer
- Sewer Connected
Property Description
Great Olympia West Side investment opportunity, 2 fully occupied duplexes on a secluded lot in the Bay Hill. Each of the 4 townhome-style units feature lots of windows & light, laminate wd flrs, ktchns w quartz cnter tops, SS appliances & territorial views. Convenient location in a quiet neighbrhd close to shopping, schls, freeway access & downtown Olympia. These large, nicely maintained duplexes were built in 2014 & are well positioned for new ownership. Each unit offers 1,467 sq ft w lots of windows & includes 3 bedrms & 2.5 baths, fenced backyard & patio, 1 oversized single-car garage & lots of parking. Please DO NOT CONTACT TENANTS. These are clean, well-maintained units in a great location & a fantastic asset to add to your portfolio!
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Additional Information
- List Date
- 2024-05-13 00:00:00
- Community
- Olympia
- Net Operating Income
- $78,534
- Gross Adjusted Income
- $97,248
- Gross Scheduled Income
- $102,348
- Total Monthly Income
- $8,529
- Insurance Expenses
- $2,274
- Water/Sewer/Garbage Expenses
- $384
- Gross Rent Multiplier
- 5.82
- Total Expenses
- $18,714
- Cap Rate
- 5.82
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 515
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 2014
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio
- Other Expenses
- 2602
- Energy Source
- Electric, Natural Gas
- School District
- Olympia
- Elementary School
- Mclane Elem
- Middle School
- Marshall Middle
- High School
- Capital High
- Total Monthly Income
- $8,529
- Gross Scheduled Income
- $102,348
- Vacancy Rate
- 5
- Gross Adjusted Income
- $97,248
- Tax Year
- 2024
- Insurance Expense
- $2,274
- W/S/G Expenses
- $384
- Total Expenses
- $18,714
- Net Operating Income
- $78,534
- Gross Rent Multiplier
- 5.82
- Cap Rate
- 5.82
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.