4501 Wiggins Rd SE

    Olympia, WA 98501
    • $565,000
    • STATUS: Pending
    • ON SITE: 23 days
    • ID#: 1553466
    Under Contract
    UPDATED: 68 min ago
    $565,000
    • 0
      BEDS
    • 1.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,068
      SQFT
    • $80
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Re/Max Northwest Realtors.

    Description

    9.2% CAP RATE! These recently updated properties are a must see cash flowing machine. Live in the main 1 1/2 story home and keep the 3 mobiles rented. With over 7,000 sq ft of rentable living space and 1.7 acres zoned R4-8 this investment property will not last long. Recent updates in some of the units include fresh interior paint, laminate & vinyl flooring, carpet & much more. Located in the highly sought after Olympia school district.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-02-25T00:15:14.683.

    www.thekendratoddgroup.com/homes/102838090

    4501 Wiggins Rd SE Olympia, WA 98501

    • Price: $565,000
    • Status: Pending
    • Updated: 68 min ago
    • ID#: 1553466
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.71
    Acres
    7,068
    SQFT
    $80
    $/SQFT
    1924
    Built
    Neighborhood:
    Olympia
    County:
    Thurston
    Area:
    Olympia South
    Elementary School:
    Buyer To Verify
    Middle School:
    Wash Mid
    High School:
    Olympia High
    School District:
    Olympia
    Property Description
    9.2% CAP RATE! These recently updated properties are a must see cash flowing machine. Live in the main 1 1/2 story home and keep the 3 mobiles rented. With over 7,000 sq ft of rentable living space and 1.7 acres zoned R4-8 this investment property will not last long. Recent updates in some of the units include fresh interior paint, laminate & vinyl flooring, carpet & much more. Located in the highly sought after Olympia school district.
    Exterior Features

    Carport Spaces 0 Exterior Metal/VinylWood Products Garage Spaces 2 Lot Details Corner LotOpen Space Roof CompositionMetal Stories In Building 2 Style 54 - 4-Plex Total Parking Spaces 10 Uncovered Spaces 8

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Central A/CForced AirHeat Pump Unit1 Bathrooms 2.00 Unit1 Bedrooms 3 Unit1 Dishwasher Y Unit1 Fireplaces 2 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 2956 Unit1 Washer Dryer N Unit2 Bathrooms 2.00 Unit2 Bedrooms 3 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 896 Unit2 Washer Dryer N Unit3 Bathrooms 2.00 Unit3 Bedrooms 3 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 1680 Unit3 Washer Dryer N Unit4 Bathrooms 1.75 Unit4 Bedrooms 3 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1536 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 9.20 Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided Gross Adjusted Income 60270 Gross Rent Multiplier 9 Gross Scheduled Income 61500 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1971 Leased Items None Net Operating Income 51727 New Construction YN No Other Expenses 0 Possession Closing Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Septic Sewer Company Septic Site Features Fenced-PartiallyOutbuildingsRV Parking Tax Amount 6572 Tax Year 2019 Terms Cash OutConventionalFHAVA Third Party Approval Required None Total Expenses EXP 8543 Total Expenses TEX 8543 Total Monthly Income 5125 Unit1 Monthly Rent 1700 Unit2 Monthly Rent 750 Unit3 Monthly Rent 1375 Unit4 Monthly Rent 1300 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 2 Water Company Well Water Sewer Garbage 0 Water Source Individual Well

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Kendra Todd Group at Keller Williams and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-02-25T00:15:14.683.

     
    The Kendra Todd Group at Keller Williams
    1307 N. 45th Street Suite 300
    Seattle WA, 98103
    Listing Courtesy of Re/Max Northwest Realtors.