4116 4118 15th Avenue NE, Olympia, WA 98516

$565,000
2,316
SqFt

Listing courtesy of Better Properties NW.

List Price
$565,000
Status
PENDING INSPECTION
MLS#
2211437
Price Change
▼ $10,000 1714079314
Days on Market
54
Style
52 - Duplex
Building Condition
Restored
Finished SqFt
2,316
Area Total SqFt
2316
Annual Tax Ammount
3888
Lot Size (sq ft)
42,689
Sewer
Septic Tank

Property Description

Great investment opportunity with 2 homes on large one acre lot. Updated 1476 sqft 2 story home built in 1948 with 4 BR, 1 BA - rents for $2077. Single-wide home built in 1990, 2 BR, 1 BA & 840 SF rents for $1499. 5-year-old roof on both houses & garage. Updated shaker cabinets and appliances in the main house. Newer vinyl floor, carpet, and interior and exterior paint. Mixed use zoning allows for many opportunities. Close proximity to schools & convenient location.

Additional Information

List Date
2024-04-01 19:01:05
Community
Olympia
Net Operating Income
$36,207
Gross Adjusted Income
$42,924
Total Monthly Income
$3,576
Insurance Expenses
$1,629
Total Expenses
$6,717
Cap Rate
6.29
Vacancy Rate
3
Total Number of Units
2
Unit Name
4116 4118
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1948
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, Fenced-Partially, Outbuildings
Other Expenses
1200
Energy Source
Electric
School District
North Thurston
Elementary School
Pleasant Glade Elem
Middle School
Chinook Mid
High School
North Thurston High
Total Monthly Income
$3,576
Vacancy Rate
3
Gross Adjusted Income
$42,924
Tax Year
2023
Insurance Expense
$1,629
Total Expenses
$6,717
Net Operating Income
$36,207
Cap Rate
6.29
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