Listing courtesy of Keller Williams Realty PS 253-835-4500
$450,950
Outstanding opportunity in a highly desirable Olympia location! Featuring two income-producing 2-bedroom, 1-bath homes on one lot. The neighboring building lot, also zoned for 4–8 units per acre, is for sale separately. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and… Read More siding, and was rented for $1,670.00 a month. The front home, 521, is 839 sq. ft., built in 1965, and presents an opportunity for improvement with some TLC (currently rented on a month-to-month basis for a VERY low rent of $787.50). Each residence includes an adjacent carport. Developers and investors will appreciate the flexibility, purchase the adjacent lot and build while maintaining rental income, or explore options to condominiumize or short-plat for individual resale, with alley access available (buyer to verify). A rare combination of location, income, and development potential! Each lot is 5,779 square feet. Recent inspections have been completed and are available upon request. Do not disturb the tenants. Interior viewing of unit 521 will be upon mutual acceptance of the offer. What a great investment! The cap rate, GSI, etc., are based on unit 521 being rented for the same amount as unit 523. Read Less
Listing courtesy of Keller Williams Realty PS 253-835-4500
Building Area Total: 1588, Building Area Units: Square Feet, Building Information: Built On Lot, Building Name: Fourth St Blvd Add Olympia, Calculated Square Footage: 1588, Construction Materials: Wood, Elevation Units: Feet, Entry Location: Main, Levels: One, Living Area: 1588, Structure Type: House, Year Built: 1962, Year Built Effective: 1965
Cooling
Cooling: None
Exterior Features
Exterior Features: Wood
Fireplaces
Fireplaces Total: 0
Floors
Flooring: Vinyl, Vinyl Plank, Carpet
Foundation
Foundation Details: Pillar/Post/Pier
Heating
Heating: Baseboard, Water Heater Location: Kitchen, Water Heater Type: Electric
Home Owner's Association
Association Fee: $0
Interior Features
Interior Features: Water Heater
Lot
Features: Paved, 0 acres, 5779 square feet, Dimensions: 110 x 53 & 110 X 53, View: Territorial
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service.
The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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