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813 Thomas Street SW

Olympia, WA 98502
  • $395,000
  • STATUS: Pending
  • ON SITE: 11 days
  • ID#: 1773956
Under Contract
$395,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Virgil Adams Real Estate, Inc..

Description

Super desirable duplex location in Olympia's old southwest neighborhood! Close to schools, shopping, downtown, and other amenities. Units are always rented but one is vacant now for marketing purposes. The other tenant is on a month-to-month basis and would love to stay for now. Income improvement is quite probable as these units have been "under-rented" for years. Vacant unit rent is established on a pro-forma basis after discussion with property managers. Installed in the last couple of years: two new electrical panels, a new roof, and all new windows. Vacant unit has fresh interior paint and all new carpeting. Shared carport and back yard with garden space. Separate exterior storage units.

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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 2021-06-19T00:15:07.27.

www.home4investment.com/homes/117996526
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813 Thomas Street SW Olympia, WA 98502

  • Price: $395,000
  • Status: Pending
  • ID#: 1773956
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1961
Built
Neighborhood:
Westside
County:
Thurston
Area:
Olympia Westside
Elementary School:
Garfield Elem
Middle School:
Jefferson Mid
High School:
Capital High
School District:
Olympia
Property Description
Super desirable duplex location in Olympia's old southwest neighborhood! Close to schools, shopping, downtown, and other amenities. Units are always rented but one is vacant now for marketing purposes. The other tenant is on a month-to-month basis and would love to stay for now. Income improvement is quite probable as these units have been "under-rented" for years. Vacant unit rent is established on a pro-forma basis after discussion with property managers. Installed in the last couple of years: two new electrical panels, a new roof, and all new windows. Vacant unit has fresh interior paint and all new carpeting. Shared carport and back yard with garden space. Separate exterior storage units.
Exterior Features

Carport Spaces 2 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features CurbsPavedSidewalk Open Parking Spaces 0 Open Parking YN No Parking Total 2 Parking Uncovered Spaces 0 Roof Torch Down Structure Type Duplex Style Code 52 - Duplex View YN No Waterfront YN No

Interior Features

Fireplace YN No Flooring VinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

Property Features

Association Fee 0 Association Fee Frequency Annually Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 26940 Insurance Expense 1200 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 19551 New Construction YN No Possible Use Multi-FamilyResidential Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvHigh Speed Internet Special Listing Conditions None Tax Annual Amount 3189 Tax Year 2021 Total Expenses 7389 Units In Building Total 2 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 3000 Water Source Public Zoning Class Multi-FamilyResidential Zoning Jurisdiction City

Listing information © 2021 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 2021-06-19T00:15:07.27.

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