Built in 2004, this late model 5 plex investment/replacement property may be the right fit. Main floor living/dining/laundry/ kitchen along w/ a 3/4 bath. Upstairs, 3 beds and full bath. 2 parking stalls per unit. Very close to transportation, shopping, recreation and more. Long term tenants, the rents are soft, market rate is $1500/unit. If fully leased at $1500 per unit, CAP RATE goes to 6.9% and GRM goes to 11. Great opportunity!
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Rent | $1,000,000 | $180 | Keller Williams - Olympia | |
Listed For Rent | $1,000,000 | $180 | Keller Williams - Olympia |
Elementary School Mountain View Elementary | 0.8 miles away | PK - 06 | |
High School North Thurston High School | 1.1 miles away | 09 - 12 | |
Elementary School South Bay Elementary | 1.1 miles away | PK - 06 |