609-611 Capitol Wy

    Olympia, WA 98501
    • $4,950,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 1536071
    UPDATED: 73 min ago
    $4,950,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,567
      SQFT
    • $173
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1919
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Westlake Associates, Inc..

    Description

    Fantastic location 3 blocks from State Capitol and across the street from Sylvester Park. All structural systems updated within the past 30 years including windows, electrical and plumbing. Classic old-world charm remains with huge rental upside by completing interior cosmetic upgrades. Great unit mix of 2s, 1s, studios and 2 small ground floor retail spaces. In place 6.14 cap rate with a proforma 7 cap! Perfect for the investor looking to cash in on the upside.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-12T09:14:01.587.

    www.home4investment.com/homes/100354051

    609-611 Capitol Wy Olympia, WA 98501

    • Price: $4,950,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: 1536071
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    28,567
    SQFT
    $173
    $/SQFT
    1919
    Built
    Neighborhood:
    Olympia
    County:
    Thurston
    Area:
    Olympia North
    School District:
    Olympia
    Property Description
    Fantastic location 3 blocks from State Capitol and across the street from Sylvester Park. All structural systems updated within the past 30 years including windows, electrical and plumbing. Classic old-world charm remains with huge rental upside by completing interior cosmetic upgrades. Great unit mix of 2s, 1s, studios and 2 small ground floor retail spaces. In place 6.14 cap rate with a proforma 7 cap! Perfect for the investor looking to cash in on the upside.
    Exterior Features

    Carport Spaces 0 Exterior Brick Garage Spaces 0 Lot Details Alley Roof Flat Stories In Building 5 Style 56 - 6-9 Units Total Parking Spaces 0 Uncovered Spaces 0

    Interior Features

    Heating And Cooling BaseboardWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Sq Ft 570 Unit2 Bathrooms 1.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Sq Ft 415 Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 415 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Sq Ft 665 Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Fireplaces 0 Unit5 Sq Ft 665 Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Fireplaces 0 Unit6 Sq Ft 685 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.14 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-Family Gross Adjusted Income 482813 Gross Rent Multiplier 9 Gross Scheduled Income 508224 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 13188 Leased Items Washer/Dryer Net Operating Income 303799 New Construction YN No Other Expenses 91693 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 26692 Tax Year 2019 Terms AssumableCash OutConventional Third Party Approval Required None Total Expenses EXP 179014 Total Expenses TEX 179014 Total Monthly Income 42352 Unit1 Monthly Rent 1150 Unit2 Monthly Rent 780 Unit3 Monthly Rent 790 Unit4 Monthly Rent 825 Unit5 Monthly Rent 800 Unit6 Monthly Rent 850 Vacancy Rate 5 Water Sewer Garbage 47441

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-12T09:14:01.587.

     
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Westlake Associates, Inc..