107 23rd Avenue SE, Olympia, WA 98501
- $525,000
- 3,422
- SqFt
Listing courtesy of RE/MAX Parkside Affiliates. Selling Office: Coldwell Banker Evergreen.
- Sold Price
- $525,000
- List Price
- $577,000
- Status
- SOLD
- MLS#
- 1717904
- Closing Date
- Mar 23, 2021
- Days on Market
- 13
- Style
- 54 - 4-Plex
- Building Condition
- Fair
- Finished SqFt
- 3,422
- Area Total SqFt
- 3422
- Annual Tax Ammount
- 3722
- Lot Size (sq ft)
- 6,120
- Sewer
- Sewer Connected
Property Description
11th hour buyer flake out! Another shot at this 4-PLEX...Unmatched location and opportunity! 1st time to market! Blocks to Capitol Campus. Historic South Capitol Neighborhood, Ultra walkability, bike or bus to all needed. Quality off-street parking, Always a high demand property, 2 (2 bed units) & 2 (1 bed units). Do you dig vintage architecture with your investment? Don't overlook this property!
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Additional Information
- List Date
- 2021-03-10 00:00:00
- Community
- Capital Campus
- Net Operating Income
- $27,504
- Gross Adjusted Income
- $40,380
- Gross Scheduled Income
- $40,380
- Total Monthly Income
- $3,365
- Insurance Expenses
- $1,654
- Water/Sewer/Garbage Expenses
- $4,000
- Gross Rent Multiplier
- 14
- Total Expenses
- $12,876
- Cap Rate
- 4.8
- Total Number of Units
- 4
- Unit Name
- 107
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1920
- Roof
- Composition
- Site Features
- Cable TV, Gas Available, High Speed Internet
- Other Expenses
- 3500
- Energy Source
- Electric, Natural Gas
- School District
- Olympia
- Elementary School
- LincolnElem
- Middle School
- Wash Mid
- High School
- Olympia High
- Total Monthly Income
- $3,365
- Gross Scheduled Income
- $40,380
- Gross Adjusted Income
- $40,380
- Tax Year
- 2020
- Insurance Expense
- $1,654
- W/S/G Expenses
- $4,000
- Total Expenses
- $12,876
- Net Operating Income
- $27,504
- Gross Rent Multiplier
- 14
- Cap Rate
- 4.8
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