Bought with Keller Williams South Sound
$500,000
$549,950
9.1%For more information regarding the value of a property, please contact us for a free consultation.
8401 Rainier RD SE Olympia, WA 98513
3,912 SqFt
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,912 sqft
Price per Sqft $127
Subdivision East Olympia
MLS Listing ID 1922178
Sold Date 10/14/22
Style 52 - Duplex
Year Built 1981
Annual Tax Amount $4,730
Lot Size 2.390 Acres
Property Description
Great investment opportunity with potential upside. Two manufactured homes on 2+/- acre lot with a 30x30 shop, multiple car ports, storage container, additional outbuildings, and two RV hookups. One home just signed a lease for $1825, with the other home and shop currently vacant. Both RV hookups are currently unused as well. Homes are in good condition with metal roofs, clean and easy to maintain interiors, and both have their own private yards. A great option for an owner occupant that wants to live in one home and rent the other, as well as an investor looking for increasingly hard to find cash flow. Pro forma cap rate of 6.6%.
Location
State WA
County Thurston
Area 449 - East Olympia
Interior
Interior Features Forced Air, Heat Pump, Laminate
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Wood Products
Utilities Available Septic System, Electric, Individual Well
Amenities Available Fenced-Partially, Outbuildings, RV Parking, Shop
View Y/N No
Roof Type Composition,Metal
Building
Lot Description Paved
Sewer Septic Tank
Water Individual Well
New Construction No
Schools
School District North Thurston
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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