Bought with Kidder Mathews
$575,000
$650,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
816 Union Mills Olympia, WA 98503
1.19 Acres Lot
Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lacey
MLS Listing ID 1477587
Sold Date 01/17/20
Style 52 - Duplex
Year Built 1986
Annual Tax Amount $4,356
Lot Size 1.194 Acres
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 $1,250 pre-renovation. Potential unit upgrades include; plank flooring, updated cabinets / countertops, stainless-steel appliances. Post renovation rents call for $1,450 in current market.
Location
State WA
County Thurston
Area 451 - Hawks Prairie
Interior
Interior Features Ceramic Tile
Flooring Ceramic Tile
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Sewer Septic Tank
New Construction No
Schools
School District Olympia
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157