Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Partially Fenced
Year Built 1950
Property Subtype Multi Family
Tax Year 2024
County Thurston
Net Operating Income 148073
Insurance Expense 7800
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Olympia
Possible Use Multi-Family
Special Listing Conditions None
Status Pending
Directions From I-5 exit 109 follow Martin Way right turn on Lilly Rd and left onto Mary Elder Rd - property will be on the right
City Olympia
Senior Community Y/N N
High School District North Thurston
Zoning Description Multi-Family
Open Parking Spaces 8
Number Of Units Total 10
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 20909
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional Rehab Loan
Tax Annual Amount 9920
Electric Expense 10936
Fuel Expense 10936
Property Condition Fair
Public Remarks Exceptional opportunity to own a fully leased 11-unit transitional housing property in the heart of Olympia generating a strong $148 073 in annual NOI. Spread across three buildings this triplex-conf
Leasable Area 7163
Structure Type Triplex
Building Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry
Units Below Grade false
Units In Building Total 11
Water Sewer Garbage 10936
Property Style 53 - Tri-plex
Cap Rate 8