8631 Steilacoom Rd SE Unit A & B, Olympia, WA 98513

$455,000
2,468
SqFt

Listing courtesy of Solution Partners NW. Selling Office: Professional Realty Services.

Sold Price
$455,000
List Price
$449,999
Status
SOLD
MLS#
1556596
Closing Date
Feb 24, 2020
Days on Market
7
Style
52 - Duplex
Finished SqFt
2,468
Lot Size (sq ft)
14,375

Property Description

RARE FIND with 7% CAP RATE! Fantastic Cul-De-Sac Duplex in Olympia backs up to RAC w/soccer fields, walking trails & parks! Built in 1997, each unit is 3 bed, 2 bath, 1234 sq ft and includes a 1 car garage with plenty of parking in the front! Offering features like cathedral ceilings, skylights, an open floor plan, spacious dining & living room w/cozy fireplaces, both units have their own W/D, side yards and partially fenced backyards! Close to shoppping and schools! Tenants pay all utilities.

Additional Information

List Date
2020-01-21 00:00:00
Community
Lacey
Property Type
MULT
Units
2
Stories
1
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1997
Total Parking
6
Uncovered Parking
4
Exterior
Wood Products
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Patio
Lot Details
Cul-de-sac, Paved Street
School District
North Thurston
Total Monthly Income
$2,885
Gross Scheduled Income
$34,620
Gross Adjusted Income
$29,953
Annual Taxes
$3,599
Tax Year
2019
Insurance Expense
$1,068
Total Expenses
$4,667
Net Operating Income
$29,953
Gross Rent Multiplier
12
Cap Rate
7

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
2.00
Unit 1 Size
1234
Unit 1 Rent
$1,465
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1234
Unit 2 Rent
$1,420
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