227 Thomas Street NW, Olympia, WA 98502
- $495,000
- 1,120
- SqFt
Listing courtesy of Group 7 Inc., Real Estate Serv.
- List Price
- $495,000
- Status
- PENDING INSPECTION
- MLS#
- 2226614
- Days on Market
- 10
- Style
- 52 - Duplex
- Finished SqFt
- 1,120
- Area Total SqFt
- 1120
- Annual Tax Ammount
- 4098
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 5,500
- Sewer
- Sewer Connected
Property Description
Great starter or investment home! Live in one side and collect rent from the other. Units feature wall to wall carpet covering hardwood floors, there are built-ins and archways in this charming 1948 duplex with detached double car garage giving a single bay to each unit. Separately metered utilities and electricity. Basically no vacancy over the years. The vacant unit has a mini split heat pump. The other has natural gas furnace. Great West-side location and schools. Across the street from Woodruff Park! Lease is month to month.
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Additional Information
- List Date
- 2024-04-25 01:16:08
- Community
- Westside
- Net Operating Income
- $21,997
- Gross Adjusted Income
- $21,997
- Gross Scheduled Income
- $27,000
- Total Monthly Income
- $990
- Insurance Expenses
- $905
- Gross Rent Multiplier
- 18.3
- Total Expenses
- $5,003
- Cap Rate
- 4.4
- Total Number of Units
- 2
- Unit Name
- 227
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1948
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet
- Energy Source
- Electric, Natural Gas
- School District
- Olympia
- Elementary School
- Garfield Elem
- Middle School
- Jefferson Mid
- High School
- Capital High
- Total Monthly Income
- $990
- Gross Scheduled Income
- $27,000
- Gross Adjusted Income
- $21,997
- Tax Year
- 2024
- Insurance Expense
- $905
- Total Expenses
- $5,003
- Net Operating Income
- $21,997
- Gross Rent Multiplier
- 18.3
- Cap Rate
- 4.4
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