Bought with ZNonMember-Office-MLS
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1106 Neil ST NE Olympia, WA 98516
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Key Details
Sold Price $860,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $165
Subdivision Thompson Place
MLS Listing ID 1611143
Sold Date 08/21/20
Style 55 - 5-9 Units
Year Built 1973
Annual Tax Amount $7,903
Lot Size 0.609 Acres
Property Description
Great investment opportunity in Lacey! This building features nine 1-BR, 1-BA units with kitchen, living room and dining area. Private patio in back + lots of common areas around property. Improvements in past 2 years include new roof, new partition fences, new slider doors & new exterior paint. Owner pays water, electric for laundry room & garbage. Coin-op collects $150/mo. Current rents are below market & could be improved to potential 8% cap rate. See MLS #1613086 as well.
Location
State WA
County Thurston
Area 451 - Hawks Prairie
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Cable Connected, High Speed Internet, Septic System, Electric
Amenities Available Cable TV, Fenced-Partially, High Speed Internet, Patio
Waterfront No
View Y/N No
Roof Type Flat
Building
Lot Description Paved
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Olympic View Elem
Middle Schools Salish Middle
High Schools River Ridge High
School District North Thurston
Others
Acceptable Financing Cash Out, Conventional, Private Financing Available, VA Loan
Listing Terms Cash Out, Conventional, Private Financing Available, VA Loan
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