303 17th Ave SE

    Olympia, WA 98501
    • $1,310,000
    • STATUS: Active
    • ON SITE: 173 days
    • ID#: 1449035
    UPDATED: 47 min ago
    $1,310,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,496
      SQFT
    • $238
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Sterling Johnston Real Estate.

    Description

    Located just blocks from the Capitol, this Historical Mansfield Apartment building has been updated with a new 40 year old roof, tankless water heaters, stoves and all units have new wiring. 4 units have granite countertops, 6 have hardwood floors. 2 units are being remodeled presently. In 2019 all rents have been increased with the average rent being $850/per. Cap rate is 3.55%-projected cap rate is going to 4.8% in 2019. Owner is looking into reclassifying property to the Historical Registry.

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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 NW Homeseekers are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-22T20:16:21.82.

    www.nwhomeseekers.com/homes/94265301

    303 17th Ave SE Olympia, WA 98501

    • Price: $1,310,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 1449035
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,496
    SQFT
    $238
    $/SQFT
    1917
    Built
    Neighborhood:
    Olympia
    County:
    Thurston
    Area:
    Olympia North
    School District:
    Olympia
    Property Description
    Located just blocks from the Capitol, this Historical Mansfield Apartment building has been updated with a new 40 year old roof, tankless water heaters, stoves and all units have new wiring. 4 units have granite countertops, 6 have hardwood floors. 2 units are being remodeled presently. In 2019 all rents have been increased with the average rent being $850/per. Cap rate is 3.55%-projected cap rate is going to 4.8% in 2019. Owner is looking into reclassifying property to the Historical Registry.
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior Wood Products Foundation Concrete BlockConcrete RibbonPost & Block Garage Spaces 0 Lot Details AlleyCorner LotPaved StreetSidewalk Roof Composition Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 4 Uncovered Spaces 4 View Territorial

    Interior Features

    Floor Covering HardwoodVinylWall to Wall Carpet Heating And Cooling BaseboardTankless Water Heater Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 450 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 450 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 450 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 400 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 550 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 350 Unit6 Washer Dryer N Units Below Grade Y

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 3.55 Electrical Expenses 1500 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 64800 Gross Rent Multiplier 0 Gross Scheduled Income 64800 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4200 Leased Items None Net Operating Income 64800 New Construction YN No Other Expenses 3600 Possession ClosingSub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Available Sewer Company City Site Features Cable TVGas AvailableHigh Speed InternetOutbuildings Tax Amount 4277 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 18677 Total Expenses TEX 18677 Total Monthly Income 0 Unit1 Monthly Rent 850 Unit2 Monthly Rent 850 Unit3 Monthly Rent 675 Unit4 Monthly Rent 850 Unit5 Monthly Rent 850 Unit6 Monthly Rent 400 Vacancy Rate 0 Water Company City Water Sewer Garbage 6600 Water Source Public Zoning Jurisdiction City

    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 NW Homeseekers 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 NW Homeseekers are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-10-22T20:16:21.82.

     
    NW Homeseekers
    999 N Northlake Way Suite 306
    Seattle WA, 98103
    Listing Courtesy of Sterling Johnston Real Estate.