1204 1206 Chestnut Street SE, Olympia, WA 98501

$495,000
1,176
SqFt

Listing courtesy of Virgil Adams Real Estate, Inc..

List Price
$495,000
Status
ACTIVE
MLS#
1867614
Days on Market
3
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
1,176
Area Total SqFt
1176
Lot Size (sq ft)
5,537

Property Description

Top of the class duplex located just up from downtown Olympia and minutes from the Capitol. Each unit is 2 BR 1 BA. Both units completely renovated in 2018. Updates include, interior and exterior paint, LVP flooring throughout, white painted doors and molding, kitchen cabinets, appliances and complete bathroom remodel. Each side has an oversized 1-car garage, with washer and dryer and lots of room for storage. Tenants pay all utilities. Landlord pays for landscaping. Amazing 6.8% cap rate. Always had very low turnover rate.

Additional Information

List Date
2021-11-26 01:28:09
Community
Olympia
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1945
Roof
Composition
Site Features
Cable TV, Gas Available, High Speed Internet
Heating/Cooling Type
Wall
Other Expenses
1301
Energy Source
Electric, Natural Gas
School District
Olympia
Elementary School
Lincoln Elem
Middle School
Wash Mid
High School
Capital High
Total Monthly Income
$2,945
Gross Scheduled Income
$35,340
Gross Adjusted Income
$30,247
Tax Year
2021
Insurance Expense
$580
Total Expenses
$5,092
Net Operating Income
$33,458
Gross Rent Multiplier
14
Cap Rate
6
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