1714 Evergreen Park Court SW, Olympia, WA 98502
- $3,800,000
- 17,575
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $3,800,000
- List Price
- $4,200,000
- Status
- SOLD
- MLS#
- 2322988
- Closing Date
- Mar 12, 2025
- Days on Market
- 12
- Style
- 56 - 10+ Units
- Finished SqFt
- 17,575
- Area Total SqFt
- 17575
- Annual Tax Ammount
- 31632
- Lot Size (sq ft)
- 38,376
- Sewer
- Available
Property Description
The Timbers West is a 22-unit garden-style multifamily community located in Olympia, Washington. The property consists of 4 separate buildings all built in 1972. The unit mix is (4) 1 bed/1 bath, (4) 1 bed/1 bath townhome style, (13) 2 bed/1 bath, and (1) 2 bed/1.5 bath townhome style unit. The interiors and exterior have been diligently maintained by the current ownership. The apartments are spacious in size, including large private decks, dishwashers, and some cathedral ceilings or 2-story layouts. The community provides private parking with 16 covered stalls. Timbers West is located on a quiet, park like setting in a premier Olympia location. Situated on a green belt that directly faces Capitol Lake with immediate access to Interstate 5.
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Additional Information
- List Date
- 2025-02-28 00:00:00
- Community
- Olympia
- Net Operating Income
- $235,512
- Gross Adjusted Income
- $354,438
- Gross Scheduled Income
- $365,400
- Total Monthly Income
- $30,450
- Insurance Expenses
- $7,500
- Water/Sewer/Garbage Expenses
- $28,936
- Gross Rent Multiplier
- 11.49
- Total Expenses
- $118,926
- Cap Rate
- 5.61
- Vacancy Rate
- 3
- Total Number of Units
- 22
- Unit Name
- 1714
- Potential Terms
- Cash Out
- Year Built
- 1972
- Roof
- Composition
- Site Features
- Deck
- Other Expenses
- 50858
- Energy Source
- Electric
- School District
- Olympia
- Total Monthly Income
- $30,450
- Gross Scheduled Income
- $365,400
- Vacancy Rate
- 3
- Gross Adjusted Income
- $354,438
- Tax Year
- 2024
- Insurance Expense
- $7,500
- W/S/G Expenses
- $28,936
- Total Expenses
- $118,926
- Net Operating Income
- $235,512
- Gross Rent Multiplier
- 11.49
- Cap Rate
- 5.61
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.