816 Union Mills

    Olympia, WA 98503
    • $675,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: 1477587
    UPDATED: 109 min ago
    $675,000
    • 0
      BEDS
    • 1.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Kidder Mathews.

    Description

    Union Mills consists of two side by side duplexes holding four 2-bedroom 1-bath units, four garages, in-unit washer/dryer and recently renovated exterior. Ripe for renovation, Union Mills provides an excellent value-add opportunity for investor. Current rents average $1,010 in a growing market that calls for $1,150 pre-renovation. Potential unit upgrades include; plank flooring, updated cabinets / countertops, stainless-steel appliances. Post renovation rents call for $1,350 in current market.

    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 2019-09-15T00:15:08.21.

    www.thekendratoddgroup.com/homes/96223965

    816 Union Mills Olympia, WA 98503

    • Price: $675,000
    • Status: Active
    • Updated: 109 min ago
    • ID#: 1477587
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.19
    Acres
    1986
    Built
    Neighborhood:
    Lacey
    County:
    Thurston
    Area:
    Lacey
    School District:
    Olympia
    Property Description
    Union Mills consists of two side by side duplexes holding four 2-bedroom 1-bath units, four garages, in-unit washer/dryer and recently renovated exterior. Ripe for renovation, Union Mills provides an excellent value-add opportunity for investor. Current rents average $1,010 in a growing market that calls for $1,150 pre-renovation. Potential unit upgrades include; plank flooring, updated cabinets / countertops, stainless-steel appliances. Post renovation rents call for $1,350 in current market.
    Exterior Features

    Carport Spaces 0 Exterior Wood Foundation Slab Garage Spaces 4 Roof Composition Stories In Building 1 Style 52 - Duplex Total Parking Spaces 8 Uncovered Spaces 4

    Interior Features

    Floor Covering Ceramic Tile Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 800 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 800 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 800 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 800 Unit4 Washer Dryer Y 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 5.40 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Residential Gross Adjusted Income 52003 Gross Rent Multiplier 13 Gross Scheduled Income 54740 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1200 Leased Items None Net Operating Income 36363 New Construction YN No Other Expenses 0 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Septic Tax Amount 4356 Tax Year 2019 Terms Conventional Third Party Approval Required None Total Expenses EXP 15640 Total Expenses TEX 15640 Total Monthly Income 4285 Unit1 Monthly Rent 1045 Unit2 Monthly Rent 1250 Unit3 Monthly Rent 975 Unit4 Monthly Rent 975 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 5 Water Sewer Garbage 3660 Zoning Jurisdiction County

    Listing information © 2019 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 2019-09-15T00:15:08.21.

     
    The Kendra Todd Group at Keller Williams
    1307 N. 45th Street Suite 300
    Seattle WA, 98103
    Listing Courtesy of Kidder Mathews.