2423 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#
- 2019804
- 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
- 3324
- Lot Size (sq ft)
- 8,510
- Sewer
- Septic Tank
- Offer Review Date
- 2022-12-12
Property Description
Put this turn key duplex to work for you in your portfolio. WELL maintained units with long term renters and a 6.3% CAP RATE. Spacious living & kitchen areas are sure to please. Attached 1 car garages are super hard to find as well. These units were updated in 2014 but you'd swear it was just a couple years ago. FULLY FENCED HUGE backyards keeps your tenants happy for years and years. Renters pay for water & garbage and the unit is served by septic so NO monthly bills for the owner to take care of. OLYMPIA SCHOOL DISTRICT and a nice private dead end street adds value Each unit is 2 bedroom 1 bath approx 830 SF. Lives larger than that though. Close to schools and shopping too! Come see this one...perfect for owner occupant!
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Additional Information
- List Date
- 2023-01-10 00:00:00
- Community
- Bigelow
- Net Operating Income
- $30,181
- Gross Adjusted Income
- $30,181
- Gross Scheduled Income
- $34,800
- Total Monthly Income
- $2,900
- Insurance Expenses
- $1,295
- Gross Rent Multiplier
- 13.64
- Total Expenses
- $4,619
- Cap Rate
- 6.3
- Total Number of Units
- 2
- Unit Name
- 2423
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1971
- View
- Territorial
- Roof
- Composition
- 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
- $30,181
- Tax Year
- 2022
- Insurance Expense
- $1,295
- Total Expenses
- $4,619
- Net Operating Income
- $30,181
- Gross Rent Multiplier
- 13.64
- Cap Rate
- 6.3
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