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$870,000
3,464 sfsquare feet
0.7593acacres
52nd Avenue, Olympia, 98512

4022 52nd Avenue SW, Olympia, WA 98512

Great cash flowing investment opportunity with upside potential. Located near Black Lake this property sits on a quiet street, yet is minutes to Tumwater and West Olympia. All 5 unit have been well maintained and professionally managed for many years. Large .75+/- acre property with individual patios and plenty of both front and back yard space. Ample parking and great privacy for all units. Nice open floor plans for both the home and four plex units. Updated windows and roofing on both buildings. Currently a 5.9% cap rate with a pro forma cap rate of 7.7% based on market rents. Come take advantage of this great investment opportunity.
Listing Courtesy of Olympic Sotheby's International Realty

John Stormans


360-915-2071
Olympic Sotheby's International Realty1722 Harrison Ave NWOlympia WA 98502
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DETAILS

  • Mls Id
    1955386
  • Status
    Closed
  • Area
    Black Lake
  • Foundation Details
    Block
  • Flooring
    Vinyl, Carpet
  • Carport
    No
  • City
    Olympia
  • County
    Thurston
  • Exterior Features
    Cement/Concrete, Wood
  • Fireplace
    No
  • High School District
    Tumwater
  • Interior Features
    Forced Air, Wall to Wall Carpet
  • Living Area
    0 Square Feet
  • Lot Features
    Open Space, Paved
  • Lot Acres
    0.7593
  • Lot Square Feet
    33075
  • New Construction
    No
  • Zip Code
    98512
  • Property Type
    Multi-Family
  • Roof
    Composition
  • Sewer
    Septic Tank
  • Utilities
    Cable Connected, Septic System, Electricity Available, Individual Well
  • Waterfront
    No
  • Water Source
    Individual Well
  • Year Built
    1952
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Office
360.528.4160
Email
hello@olympicsir.com
Address
1722 Harrison Ave NW
Olympia WA 98502
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Sotheby's International Realty® and the Sotheby's International Realty Logo are service marks licensed to Sotheby's International Realty Affiliates LLC and used with permission. Olympic Sotheby's International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by affiliated with or related to Sotheby's International Realty Affiliates LLC nor any of its affiliated companies.

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