Description
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.
Location
Similar Listings
$469,500
3
3
1,743 Sq ft
MLS# NWM1958902
Listing Agent: Gina Lane
Courtesy of: Coldwell Banker Danforth
$625,000
3
2
1,802 Sq ft
MLS# NWM1958770
Listing Agent: Susan L. Davis
Courtesy of: Windermere RE Southeast
$899,950
4
3
2,436 Sq ft
MLS# NWM1958900
Listing Agent: Long Bui
Courtesy of: Skyline Properties, Inc.
$995,000
3
2
1,680 Sq ft
MLS# NWM1958880
Listing Agent: Yael Chotzen
Courtesy of: The Landmark Group
$629,999
3
2
1,294 Sq ft
MLS# NWM1958341
Listing Agent: Cooper Rost
Courtesy of: COMPASS
$645,000
3
3
1,760 Sq ft
MLS# NWM1958893
Listing Agent: Linda D. Tran
Courtesy of: Mickelsen & Tran RE Brokers
$1,000
2
1
800 Sq ft
MLS# NWM1958892
Listing Agent: Doug Linton
Courtesy of: John L. Scott, Inc.
$500,000
3
2
1,461 Sq ft
MLS# NWM1958896
Listing Agent: Austin Michael Hellickson
Courtesy of: Skyline Properties, Inc.
$900,000
4
3
2,402 Sq ft
MLS# NWM1956792
Listing Agent: Lee Jennings
Courtesy of: eXp Realty
$775,000
4
3
2,690 Sq ft
MLS# NWM1958871
Listing Agent: Ida Bear
Courtesy of: Windermere RE West Sound Inc.
$429,900
4
2
1,736 Sq ft
MLS# NWM1958883
Listing Agent: Blake Rollins
Courtesy of: Coldwell Banker Tomlinson R& H
$1,195,000
5
4
4,514 Sq ft
MLS# NWM1946666
Listing Agent: Renee Uribe Sayah
Courtesy of: John L Scott R E Bothell
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: John Stormans Courtesy of: Greene Realty Group LLC The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2022 NWMLS. Updated: 26th June, 2022 1:39 PM (UTC)
