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(253) 209-4200
Real Estate Company
2524 Leach Court SE, Olympia, WA 98501
- $475,000
- 1,320
- SqFt
Listing Broker: Virgil Adams Real Estate, Inc.; Tammy Adams; 360-584-2736; tammy@virgiladamsre.com
- List Price
- $475,000
- Status
- ACTIVE
- MLS#
- 2595952
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 1,320
- Area Total SqFt
- 1320
- Annual Tax Ammount
- 5517
- Internet Provider
- Xifinity
- Lot Size (sq ft)
- 7,862
- Sewer
- Sewer Connected
Property Description
Single story, low maintenance duplex located close to everything anyone needs and a garage too! Shopping, schools, freeway access, bus line, bakery, coffee shop, local burger stop, all the things are just moments from your doorstep. New roof and sheeting install were just completed. Inside is refreshed paint, light fixtures, stainless steel counters making this place move in ready. All appliances are owned by landlord, each side is 2-bedroom 1 bath with updated windows. Washer/dryer hook up in garage. Great corner lot w minimal landscape to take care of. Great opportunity to build an investment portfolio OR live in one side and rent the other!
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Additional Information
- Community
- Olympia
- Net Operating Income
- $21,883
- Gross Scheduled Income
- $31,200
- Total Monthly Income
- $2,600
- Insurance Expenses
- $1,400
- Water/Sewer/Garbage Expenses
- $2,400
- Gross Rent Multiplier
- 15.2
- Total Expenses
- $9,317
- Cap Rate
- 4.6
- Total Number of Units
- 2
- Unit Name
- 2524
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1959
- Roof
- Composition
- Site Features
- Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Mckenny Elem
- Middle School
- Wash Mid
- High School
- Olympia High
- Total Monthly Income
- $2,600
- Gross Scheduled Income
- $31,200
- Tax Year
- 2026
- Insurance Expense
- $1,400
- W/S/G Expenses
- $2,400
- Total Expenses
- $9,317
- Net Operating Income
- $21,883
- Gross Rent Multiplier
- 15.2
- Cap Rate
- 4.6
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.