9241 Quinault Drive NE, Olympia, WA 98516

$466,000
2,280
SqFt

Listing courtesy of RE/MAX Parkside Affiliates. Selling Office: MVP Realty Group.

Sold Price
$466,000
List Price
$425,000
Status
SOLD
MLS#
1734912
Closing Date
Apr 15, 2021
Days on Market
6
Style
52 - Duplex
Finished SqFt
2,280
Area Total SqFt
2280
Annual Tax Ammount
3775
Lot Size (sq ft)
9,702
Sewer
Sewer Connected

Property Description

Stately duplex in Hawks Prairie. Each unit is 2 br 1.5 baths. One car garage each side and fenced in back. 8 year old roof is freshly cleaned (3/08/21) . Unit B is presently vacant, (right side) has high-end vinyl plank flooring upstairs and down (carpet on stairs) and a useful new storage shed in back. Unit A (left side) has carpet and has month to month tenant. Rents are currently low. Great location, on city services. Close to JBLM and Costco. Community Park across the Street.

Additional Information

List Date
2021-04-09 00:00:00
Community
Hawks Prairie
Net Operating Income
$19,265
Gross Adjusted Income
$23,940
Gross Scheduled Income
$25,200
Total Monthly Income
$2,280
Insurance Expenses
$900
Gross Rent Multiplier
17
Total Expenses
$4,675
Cap Rate
4.5
Vacancy Rate
5
Total Number of Units
2
Unit Name
9241
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1983
Roof
Composition
Energy Source
Electric
School District
North Thurston
Elementary School
Olympic View Elem
Middle School
Salish Middle
High School
River Ridge High
Total Monthly Income
$2,280
Gross Scheduled Income
$25,200
Vacancy Rate
5
Gross Adjusted Income
$23,940
Tax Year
2020
Insurance Expense
$900
Total Expenses
$4,675
Net Operating Income
$19,265
Gross Rent Multiplier
17
Cap Rate
4.5
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