1403 Garfield Avenue NE, Olympia, WA 98502

$525,000

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Listing courtesy of NextHome Northwest Group. Selling Office: CENTURY 21 Real Estate Center.

Sold Price
$525,000
List Price
$525,000
Status
SOLD
MLS#
2223288
Closing Date
Oct 07, 2024
Days on Market
26
Annual Tax Ammount
4034
Internet Provider
XFinity
Bank Owned
Yes

Property Description

Mid-century property in sought after West Olympia, ideally suited for medical or professional services. Building has a well-designed layout that includes a welcoming reception area, six offices or treatment rooms & 3 half baths. Highlighting its distinct architecture, building features a large, open room w/vaulted ceilings & a stage. Stylish & functional, beautifully finished w/ concrete flooring, quality wood trim and doors. Has abundance of natural light streaming through the many windows. Radiant heating system is powered by a new boiler. Corner lot offers ample street parking along with 4 owned parking spaces. Location provides excellent visibility & access, close to bus lines & downtown. Prime spot for numerous business opportunities.

Additional Information

Community
Westside
Building Condition
Very Good
Style
73 - Office
Year Built
1972
# of Assigned Spaces
4
Roof
Torch Down
Tax Year
2024
Potential Terms
Cash Out, Conventional
Interior Features
Concrete, Hardwood
Flooring
Concrete, Hardwood
Driving Directions
Harrison to North on Plymouth to corner of Plymouth and Garfield.
Energy Source
Electric, Natural Gas
Net Operating Income
$31,876
Gross Adjusted Income
$38,400
Gross Scheduled Income
$38,400
Water/Sewer/Garbage Expenses
$4,531
Cap Rate
6
Total Expenses
$11,055
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.
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