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509 Old Pacific HWY SE Olympia, WA 98513
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Key Details
Sold Price $5,850,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 32,950 sqft
Price per Sqft $177
Subdivision Lacey
MLS Listing ID 1885047
Sold Date 03/14/22
Style 56 - 10+ Units
Year Built 1965
Annual Tax Amount $33,050
Lot Size 5.597 Acres
Lot Dimensions Varies
Property Description
40 Apartments in 3 Buildings in Lacey close to I-5 (Exit 114) and JBLM. Located next to the Nisqually River, and close to City of Lacey/COSTCO/Schools/etc... Great upside potential. BUILDING A (1965) - 12 Units. 8/2BR, 4/1BR. New roof 2021. (Office currently not part of rent roll.). BUILDING B (1973) - 12 Units. 4/3BR, 3/2BR, 5/1BR. New roof 2020. Units 101-106, 201 newly renovated. BUILDING C (1972) - 16 Units. 8/3BR, 4/2BR, 4/1BR. New roof 2021. Unit 10 & 14 being remodeled. No recent flooding (*** 2020 water rise damage due to local power dam release error!). Plenty of parking. And extra 2 acre parcel included (#21808410000). OFFER REVIEW DATE: 2/12/2022 (Sat.) at 3:00pm sharp. No offers will be accepted before this date.
Location
State WA
County Thurston
Area 451 - Hawks Prairie
Interior
Interior Features Laminate Hardwood, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Septic System, Electric
Amenities Available Deck, Fenced-Partially, RV Parking
Waterfront Yes
Waterfront Description Bank-Low,River Access
View Y/N Yes
View River, Territorial
Roof Type Composition
Parking Type RV Parking
Building
Lot Description Paved
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Evergreen Forest Ele
Middle Schools Nisqually Mid
High Schools River Ridge High
School District North Thurston
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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