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2515 Mitchell Avenue NE

Olympia, WA 98506
  • $950,000
  • STATUS: Pending
  • ON SITE: 66 Days
  • ID#: 2019794
Under Contract
UPDATED: 44 min ago
$950,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,312
    SQFT
  • $287
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logoListing Courtesy of Networks Real Estate Llc: 360-528-5000.


Description

Put this 4 plex to work in your portfolio. WELL maintained units with long term renters and a 6.4% CAP RATE. These spacious units with attached 1 car garages are never empty for long since the location is awesome. Each unit 2 bed 1 bath. All 4 units with exact same layouts. Updated in 2014 but you'd swear it was just a couple years since it was done. FULLY FENCED HUGE backyards as well keeps people here for years and years. Tenants pay for water & garbage and sewer is septic so NO monthly bills for the owner. Nice METAL roof that will last for eternity with very little maintenance on one unit and a composite roof on the other that is approx. 10 years old. OLYMPIA SCHOOL DISTRICT. Close to all amenities too! Super quiet dead end street.

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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 The Snow Group at The Preview Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-02-06T14:14:26.693. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-02-06T14:14:26.693. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jeffsnowgroup.com/homes/135159390
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2515 Mitchell Avenue NE Olympia, WA 98506

  • Price: $950,000
  • Status: Pending
  • On Site: 66 Days
  • Updated: 44 min ago
  • ID#: 2019794
0
Beds
0
Baths
0
½ Baths
0.46
Acres
3,312
SQFT
$287
$/SQFT
1971
Built
Neighborhood:
Bigelow
County:
Thurston
Area:
Olympia North
Elementary School:
Roosevelt Elementary
Middle School:
Reeves Mid
High School:
Olympia High
School District:
Olympia
Property Description
Put this 4 plex to work in your portfolio. WELL maintained units with long term renters and a 6.4% CAP RATE. These spacious units with attached 1 car garages are never empty for long since the location is awesome. Each unit 2 bed 1 bath. All 4 units with exact same layouts. Updated in 2014 but you'd swear it was just a couple years since it was done. FULLY FENCED HUGE backyards as well keeps people here for years and years. Tenants pay for water & garbage and sewer is septic so NO monthly bills for the owner. Nice METAL roof that will last for eternity with very little maintenance on one unit and a composite roof on the other that is approx. 10 years old. OLYMPIA SCHOOL DISTRICT. Close to all amenities too! Super quiet dead end street.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 4 Exterior Features WoodWood Products Lot Features CurbsPavedSidewalk Open Parking Spaces 4 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 4 Roof CompositionMetal Structure Type Quadruplex Style Code 54 - 4-Plex View Territorial View YN Yes Waterfront YN No

Interior Features

Building Area Total 3312 Fireplace YN No Flooring VinylCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Interior Features Wall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 41 Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 61564 New Construction YN No Possession Closing Possible Use Multi-Family Power Company Pse Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Septic Tank Sewer Company Septic Site Features Fenced-FullyPatio Special Listing Conditions None Tax Annual Amount 5598 Tax Year 2022 Units In Building Total 4 Water Company City Of Olympia Water Source Public Year Built Effective 1991 Zoning Class Multi-Family Zoning Jurisdiction County

Listing information © 2023 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 The Snow Group at The Preview Group 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 The Snow Group at The Preview Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-02-06T14:14:26.693. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-02-06T14:14:26.693. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Snow Group at The Preview Group
2150 North 107th Street #170
Seattle WA, 98133
Northwest MLS logoListing Courtesy of Networks Real Estate Llc: 360-528-5000.