Great opportunity to acquire a freshly remodeled duplex in excellent condition with tremendous income producing potential. Or occupy one side and lease out the other to decrease your mortgage payment. Located on Olympia's Eastside in the UGA, just outside city limits, this 2011-built duplex offers two established rental units plus potential to expand. Incredible Cap Rate at 7.09%!! The property includes a 3-bedroom, 2-bath unit with a 1-car garage and a fully remodeled 2-bedroom, 1-bath unit with a 1-car garage. The 2 bedrm unit has been extensively updated with LVP flooring, quartz countertops, new kitchen cabinets, appliances, doors, millwork, trim, and fresh paint. The nearly half-acre lot provides potential to develop an additional duplex, creating the possibility of four total units and increased income-producing capacity. Strong location, Olympia schools, existing rental income, and future possibilities for development. This is a great location within walking distance to most Eastside Olympia amenities, while keeping that rural feel of living in the country!
| MLS # | 2567540 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2011 |
| Days On Site | 35 |
| Listing Provided By | Capitol Real Estate LLC | Keenan French |
| SQ Feet | 2,422 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 2 |
| Zoning | Multi-Family,Residential |
| Acreage | 0.44 |
| Property | 6873 |
|---|
| State | WA |
|---|---|
| County | Thurston |
| City | Olympia |
| Zip Code | 98506 |
| Area | 447 Olympia North |
| Community Name | Eastside Olympia |
| School District | Olympia High |
| Elementary School | Roosevelt Elementary |
| High School | Olympia High |
| Listing VS Median (in Eastside Olympia) | |
Price: $639,000 low | high Med: $480,000 sqft: 2,422 low | high Med: 901 $ / sqft: $264 low | high Med: $533 On site: 35 low | high Med: 369 | |
| State | WA |
|---|---|
| County | Thurston |
| City | Olympia |
| Zip Code | 98506 |
| Area | 447 Olympia North |
| Community Name | Eastside Olympia |
| School District | Olympia High |
| Elementary School | Roosevelt Elementary |
| High School | Olympia High |
| Listing VS Median (in Eastside Olympia) | |
Price: $639,000 low | high Med: $480,000 sqft: 2,422 low | high Med: 901 $ / sqft: $264 low | high Med: $533 On site: 35 low | high Med: 369 | |