2212 9th Ave SW, Olympia, WA 98502

$1,999,950
9,600
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,999,950
Status
ACTIVE
MLS#
1766428
Days on Market
8
Style
52 - Duplex
Finished SqFt
9,600
Lot Size (sq ft)
49,223

Property Description

This is an exciting value-add opportunity, located on a quiet, private drive-in west Olympia. This property is comprised of six separate duplexes, with 12 - 800 square foot 2bd/1bth apartment units. The duplexes also feature fenced-in patios and yards. This property is in a centralized location, near Capital Mall with numerous restaurants and parks surrounding the complex. It is also a short drive to the Washington State Capitol Building or South Puget Sound Community College.

Additional Information

List Date
2021-04-30 00:00:00
Community
Olympia
Property Type
MULT
Units
12
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1973
Total Parking
12
Exterior
See Remarks
Roof
See Remarks
Lot Details
Paved Street
School District
Olympia
Total Monthly Income
$12,805
Gross Scheduled Income
$153,660
Vacancy Rate
5
Gross Adjusted Income
$145,977
Annual Taxes
$11,255
Tax Year
2020
Insurance Expense
$4,045
W/S/G Expenses
$15,342
Total Expenses
$54,984
Net Operating Income
$90,993
Gross Rent Multiplier
13
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$1,000
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 2 Rent
$1,030
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
800
Unit 3 Rent
$1,150
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
800
Unit 4 Rent
$1,020
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
800
Unit 5 Rent
$1,000
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
800
Unit 6 Rent
$1,395
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