Olympia, WA 98513,8401 Rainier RD SE
Olympia, WA 98513,8401 Rainier RD SE
Olympia, WA 98513,8401 Rainier RD SE
36
Listed by Greene Realty Group LLC
Bought with Keller Williams South Sound
$500,000
$549,950
9.1%
Est.Price: ?

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3,912 SqFt

8401 Rainier RD SE Olympia, WA 98513

Est. payment /mo
SOLD DATE : 10/14/2022

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Key Details

Sold Price $500,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,912 sqft

Price per Sqft $127

Subdivision East Olympia

MLS Listing ID 1922178

Sold Date 10/14/22

Style 52 - Duplex

Year Built 1981

Annual Tax Amount $4,730

Lot Size 2.390 Acres

Property Description

Great investment opportunity with potential upside. Two manufactured homes on 2+/- acre lot with a 30x30 shop, multiple car ports, storage container, additional outbuildings, and two RV hookups. One home just signed a lease for $1825, with the other home and shop currently vacant. Both RV hookups are currently unused as well. Homes are in good condition with metal roofs, clean and easy to maintain interiors, and both have their own private yards. A great option for an owner occupant that wants to live in one home and rent the other, as well as an investor looking for increasingly hard to find cash flow. Pro forma cap rate of 6.6%.

Location

State WA

County Thurston

Area 449 - East Olympia

Interior

Interior Features Forced Air, Heat Pump, Laminate

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Metal/Vinyl, Wood Products

Utilities Available Septic System, Electric, Individual Well

Amenities Available Fenced-Partially, Outbuildings, RV Parking, Shop

Waterfront No

View Y/N No

Roof Type Composition,Metal

Parking Type RV Parking

Building

Lot Description Paved

Sewer Septic Tank

Water Individual Well

New Construction No

Schools

School District North Thurston

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

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Melissa Kenady

Broker | License ID: 21024227

+1(509) 860-3753

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