1007 Adams Street SE, Olympia, WA 98501
- $370,000
- 2,562
- SqFt
Listing courtesy of Real Broker LLC. Selling Office: RE/MAX Parkside Affiliates.
- Sold Price
- $370,000
- List Price
- $379,000
- Status
- SOLD
- MLS#
- 2279900
- Closing Date
- Jan 03, 2025
- Days on Market
- 8
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,562
- Area Total SqFt
- 2562
- Annual Tax Ammount
- 4898.75
- Lot Size (sq ft)
- 5,940
- Sewer
- Available
- Offer Review Date
- 2024-08-28
Property Description
Great redevelopment site in Olympias downtown Opportunity Zone. Prominently located near the State Capital this 10,800 SF site is a perfect opportunity for a mixed-use development. This Site features territorial views of the Olympic Mountains and Mount Rainier. Excellent proximity to the State Capital combined with the excellent tax advantages of being in an opportunity zone make this an excellent investment opportunity.
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Additional Information
- List Date
- 2024-12-26 00:00:00
- Community
- Olympia
- Net Operating Income
- $54,550
- Gross Adjusted Income
- $44,940
- Gross Scheduled Income
- $53,500
- Total Monthly Income
- $4,550
- Gross Rent Multiplier
- 6.52
- Total Expenses
- $9,610
- Cap Rate
- 6.6
- Vacancy Rate
- 16
- Total Number of Units
- 4
- Unit Name
- 1007
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1901
- View
- Mountain(s), Sound, Territorial
- Roof
- Composition
- Other Expenses
- 4711
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Lincoln Elementary
- Middle School
- Wash Mid
- High School
- Olympia High
- Total Monthly Income
- $4,550
- Gross Scheduled Income
- $53,500
- Vacancy Rate
- 16
- Gross Adjusted Income
- $44,940
- Tax Year
- 2024
- Total Expenses
- $9,610
- Net Operating Income
- $54,550
- Gross Rent Multiplier
- 6.52
- Cap Rate
- 6.6
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.