Bought with Mosaic Realty
$555,000
$565,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
633 School ST SE #635 Olympia, WA 98503
2,600 SqFt
Key Details
Sold Price $555,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $213
Subdivision Tanglewilde
MLS Listing ID 1845220
Style 52 - Duplex
Year Built 1993
Annual Tax Amount $4,379
Lot Size 0.559 Acres
Property Description
Looking for the PERFECT investment property...then LOOK NO FURTHER. This big 2600 SF duplex is sure to fit the bill. Each side features 3 bed and 1.5 bath and is 1300 SF. Huge back yard and extra long 1 car garage to boot! Recent upgrades include 40 year roof (2017) and recent exterior paint (2020). New appliances in BOTH units the last couple years as well as a new water heater in unit 635. HARD to find 3 bedroom units are always in demand and these bedrooms are HUGE and that half bath comes in really handy! Easy commute to I-5. Close to schools, Costco and multiple grocery stores. Long term renter unit 633 (23 years qualifies) but unit 635 is vacant and ready for new tenant. Pro Forma Cap Rate 6.7%. 5.5% current due to long term tenant
Location
State WA
County Thurston
Area 451 - Hawks Prairie
Interior
Flooring Laminate, Carpet
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Cable Connected, Septic System, Electric
Amenities Available Cable TV, Fenced-Fully
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Septic Tank
Water Public
New Construction No
Schools
Elementary Schools Lydia Hawk Elem
Middle Schools Nisqually Mid
High Schools River Ridge High
School District North Thurston
Others
Acceptable Financing Cash Out, Conventional, FHA, VA Loan
Listing Terms Cash Out, Conventional, FHA, VA Loan
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.