$870,000
4022 52nd Avenue SW, 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
Source Northwest MLS
Media
- Photos
DETAILS
- Mls Id1955386
- StatusClosed
- AreaBlack Lake
- Foundation DetailsBlock
- FlooringVinyl, Carpet
- CarportNo
- CityOlympia
- CountyThurston
- Exterior FeaturesCement/Concrete, Wood
- FireplaceNo
- High School DistrictTumwater
- Interior FeaturesForced Air, Wall to Wall Carpet
- Living Area0 Square Feet
- Lot FeaturesOpen Space, Paved
- Lot Acres0.7593
- Lot Square Feet33075
- New ConstructionNo
- Zip Code98512
- Property TypeMulti-Family
- RoofComposition
- SewerSeptic Tank
- UtilitiesCable Connected, Septic System, Electric, Individual Well
- WaterfrontNo
- Water SourceIndividual Well
- Year Built1952
- Checked For Updates2024-12-02 15:01:51 PST
Based on information submitted to the MLS GRID as of 2024-12-02 15:01:51 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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