Bought with The Foundation Group LLC
$2,495,000
$2,550,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
10,338 SqFt
SOLD DATE : 04/29/2024
Key Details
Sold Price $2,495,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,338 sqft
Price per Sqft $241
Subdivision Westside
MLS Listing ID 2164199
Sold Date 04/29/24
Style 56 - 10+ Units
Year Built 1935
Annual Tax Amount $21,732
Lot Size 0.809 Acres
Property Description
Price reduction - current cap rate of 6.52% trending to 8.81%. Olympia Portfolio: value-add 15-unit in NW Olympia. Proximity to Capital Mall for retail, groceries, and dining. Well-connected to transportation. 7 contiguous parcels - four townhomes (built 2007, 2009), single-family home (1934), 6-unit apartment with standalone retail (1947), single parcel containing a house, cottage and converted garage unit (1935). Nearby to parks and Evergreen State College. Thoughtfully maintained with high curb appeal. Fully occupied, potential for rent increases and interior renovations. Parcels offer flexibility and significant value-add component.
Location
State WA
County Thurston
Area 444 - Olympia Westside
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature See Remarks
View Y/N No
Roof Type Composition,See Remarks
Building
Lot Description Corner Lot, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Olympia
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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