1124 1126 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#
1867615
Days on Market
3
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
1,176
Area Total SqFt
1176
Lot Size (sq ft)
6,527

Property Description

Top of the class duplex located just up from downtown Olympia and minutes from the Capitol. Each unit is 1 BR 1 BA. Both units completely renovated in 2018. Updates include 30-year roof, 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. Landlord pays for W/S/G (one meter) and landscaping. Amazing 6.8% cap rate. Always had very low turnover rate.

Additional Information

List Date
2021-11-26 01:25:09
Community
Olympia
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1942
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
Olympia High
Total Monthly Income
$3,045
Gross Scheduled Income
$36,540
Gross Adjusted Income
$30,627
Tax Year
2021
Insurance Expense
$580
W/S/G Expenses
$900
Total Expenses
$5,913
Net Operating Income
$33,759
Gross Rent Multiplier
13.5
Cap Rate
6
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