119 20th Avenue SE, Olympia, WA 98501
- $1,190,000
- 4,476
- SqFt
Listing courtesy of Van Dorm Realty, Inc. Selling Office: Olympic Sotheby's Int'l Realty.
- Sold Price
- $1,190,000
- List Price
- $1,190,000
- Status
- SOLD
- MLS#
- 2354107
- Closing Date
- May 30, 2025
- Days on Market
- 14
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,476
- Area Total SqFt
- 4476
- Annual Tax Ammount
- 7652
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 8,000
- Sewer
- Sewer Connected
Property Description
LOCATION! Corner lot in super sought after South Capital neighborhood. Fully remodeled 7 unit apart building (3 w own ext entrance) w fantastic tenants! In last couple years: new paint in & out, new flooring (including sound deadening pad between floors), new water line, sewer lines, gas line & meters, 2 tankless hot water heaters, double pane windows throughout, blown in insulation in exterior walls, attic & some interior walls, all new plumbing & fixtures, electric & fixtures, landscaping, all new appliances, & 2 sets of coin op laundry common area. Basement w/additional space for value add storage & garage could be rented to increase income. Owner financing may be available w/min 25% down - ask broker for details. DO NOT DISTURB TENANTS.
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Additional Information
- List Date
- 2025-05-16 00:00:00
- Community
- Capital Campus
- Net Operating Income
- $89,011
- Gross Adjusted Income
- $113,886
- Gross Scheduled Income
- $119,880
- Total Monthly Income
- $9,990
- Insurance Expenses
- $6,843
- Water/Sewer/Garbage Expenses
- $5,544
- Gross Rent Multiplier
- 10
- Total Expenses
- $24,875
- Cap Rate
- 7.5
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 119
- Potential Terms
- Cash Out, Conventional, Owner Financing, See Remarks
- Year Built
- 1899
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 3600
- Other Expenses
- 720
- Energy Source
- Electric, Natural Gas
- School District
- Olympia
- Elementary School
- Lincoln Elementary
- High School
- Olympia High
- Total Monthly Income
- $9,990
- Gross Scheduled Income
- $119,880
- Vacancy Rate
- 5
- Gross Adjusted Income
- $113,886
- Tax Year
- 2025
- Insurance Expense
- $6,843
- W/S/G Expenses
- $5,544
- Total Expenses
- $24,875
- Net Operating Income
- $89,011
- Gross Rent Multiplier
- 10
- Cap Rate
- 7.5
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.