806 808 Adams Street SE, Olympia, WA 98501
- $600,000
- 2,231
- SqFt
Listing courtesy of Olympic Sotheby's Int'l Realty. Selling Office: eXp Realty.
- Sold Price
- $600,000
- List Price
- $650,000
- Status
- SOLD
- MLS#
- 2275691
- Closing Date
- Oct 18, 2024
- Days on Market
- 51
- Style
- 55 - 5-9 Units
- Building Condition
- Fair
- Finished SqFt
- 2,231
- Area Total SqFt
- 2231
- Annual Tax Ammount
- 4872
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
Investor Alert! Exceptional opportunity to own this 5-unit multifamily property in the heart of downtown Olympia. Rents are significantly below market presenting good upside potential for the savvy investor. The property consists of two spacious 1-bed units (620+- sq ft each), two compact 1-bed units (300+- sq ft each), and one cozy studio (200+- sq ft). Coin op laundry on site. 2-car garage off the alley has been utilized by the owner but could be converted to tenant storage for added income. All units are individually metered and are connected to city utilities. Close to restaurants, shopping, parks & more. Don't miss out on this chance to capitalize on Olympia's growing rental market. Opportunity knocks!
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Additional Information
- List Date
- 2024-08-28 00:00:00
- Community
- Olympia
- Net Operating Income
- $22,788
- Gross Adjusted Income
- $36,120
- Gross Scheduled Income
- $36,120
- Total Monthly Income
- $3,060
- Insurance Expenses
- $2,725
- Water/Sewer/Garbage Expenses
- $4,732
- Total Expenses
- $13,329
- Total Number of Units
- 5
- Unit Name
- 806 808
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1936
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet
- Other Expenses
- 1000
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Buyer To Verify
- Middle School
- Wash Mid
- High School
- Olympia High
- Total Monthly Income
- $3,060
- Gross Scheduled Income
- $36,120
- Gross Adjusted Income
- $36,120
- Tax Year
- 2024
- Insurance Expense
- $2,725
- W/S/G Expenses
- $4,732
- Total Expenses
- $13,329
- Net Operating Income
- $22,788
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.