2429 Mitchell Avenue NE, Olympia, WA 98506
- $450,000
- 1,584
- SqFt
Listing courtesy of Networks Real Estate LLC. Selling Office: Greene Realty Group LLC.
- Sold Price
- $450,000
- List Price
- $475,000
- Status
- SOLD
- MLS#
- 2019801
- Closing Date
- Feb 20, 2023
- Days on Market
- 41
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,584
- Area Total SqFt
- 1584
- Annual Tax Ammount
- 3412
- Lot Size (sq ft)
- 8,505
- Sewer
- Septic Tank
- Offer Review Date
- 2022-12-12
Property Description
Add this NEVER empty DUPLEX to your portfolio. Boasts WELL maintained units with long term renters and a 6.3% CAP RATE. These spacious units with attached 1 car garaged are never empty for long since the location is amazing. Both units with exact same layouts was updated in 2014 but you'd swear it was just a couple years since it was done.Each unit is 2 bed 1 bath FULLY FENCED HUGE backyards as well keeps tenants here for years and years. Renters pay water & garbage and the property is hooked to septic so NO monthly bills for the owner. Nice, easy maintenance METAL roof will last for eternity. OLYMPIA SCHOOL DISTRICT too! Close to all amenities as well. Super quiet DEAD END street adds value to this lovely investment.
/u.realgeeks.media/premierhomesnw/LOGO1_(1).png){kind=logo}
Additional Information
- List Date
- 2023-01-10 00:00:00
- Community
- Bigelow
- Net Operating Income
- $30,093
- Gross Adjusted Income
- $30,093
- Gross Scheduled Income
- $34,800
- Total Monthly Income
- $2,900
- Insurance Expenses
- $1,295
- Gross Rent Multiplier
- 13.64
- Total Expenses
- $4,707
- Cap Rate
- 6.3
- Total Number of Units
- 2
- Unit Name
- 2429
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1971
- View
- Territorial
- Roof
- Metal
- Site Features
- Fenced-Fully, Patio
- Energy Source
- Electric
- School District
- Olympia
- Elementary School
- Roosevelt Elementary
- Middle School
- Reeves Mid
- High School
- Olympia High
- Total Monthly Income
- $2,900
- Gross Scheduled Income
- $34,800
- Gross Adjusted Income
- $30,093
- Tax Year
- 2022
- Insurance Expense
- $1,295
- Total Expenses
- $4,707
- Net Operating Income
- $30,093
- Gross Rent Multiplier
- 13.64
- Cap Rate
- 6.3
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .