Bought with Van Dorm Realty, Inc
$715,000
$690,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
1022 & 1026 Bethel ST NE Olympia, WA 98506
2,736 SqFt
Key Details
Sold Price $715,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,736 sqft
Price per Sqft $261
Subdivision Bigelow
MLS Listing ID 2214311
Sold Date 05/15/24
Style 52 - Duplex
Year Built 1994
Annual Tax Amount $4,972
Lot Size 7,194 Sqft
Property Description
Wonderfully maintained 3BR/2.5 bath each side. Same owner for over 20 years has maintained the units carefully. Roof, gutters and Hardi-Plank siding approximately 2014. FAG furnace and hot water heaters have been updated. Back patio, fenced yards. Long term tenants pay very low rents. Income was not a concern of current owner/family trust. Both tenants are on a month to month lease. POTENTIAL ALERT: Similar duplexes in age, size, 3/2.5, condition and nbrhd sold in October 2023 for $735,000 and $740,000 respectively both with rents of $1900 and $2200 per side. Cap rate reflects that owner currently pays W/S/G to offset cost of irrigation water, could be modified in several ways. This would make a wonderful owner occupied duplex.
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked
Amenities Available Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Outbuildings, Patio, Sprinkler System
View Y/N Yes
View City
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Roosevelt Elementary
Middle Schools Reeves Mid
High Schools Olympia High
School District Olympia
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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