601 Capitol Way S, Olympia, WA 98501

$3,988,000

Listing courtesy of Blue Summit Realty LLC.

List Price
$3,988,000
Status
ACTIVE
MLS#
1853577
Days on Market
5

Property Description

This prime real estate is located in beautiful downtown Olympia, two-story investment opportunity with established tenants. A great income producing property, a rare find with 2 parking lots, 5 studio apartments and (1) 2 bedroom apartment, several retail business and food service including Nicole's bar and restaurant, clothing retailer, coffee shop, photographer, botanical's retail, Chinese healer, Olympia food co-op. Trades welcome.

Additional Information

Community
Olympia
Building Condition
Fair
Style
61 - Comm Bldg Ovr 10K
Year Built
1923
# of Assigned Spaces
20
Roof
Torch Down
Tax Year
2021
Potential Terms
Cash Out, Conventional
Driving Directions
Capitol Way to Capitol and Legion
Heating/Cooling Type
Baseboard, Ductless HP-Mini Split, Heat Pump
Energy Source
Electric
Gross Adjusted Income
$216,019
Gross Scheduled Income
$271,800
Water/Sewer/Garbage Expenses
$12,000
Cap Rate
6
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