1508 Fones Rd SE

    Olympia, WA 98501
    • $1,499,500
    • STATUS: Pending
    • ON SITE: 84 days
    • ID#: 1545460
    Under Contract
    UPDATED: 46 min ago
    $1,499,500
    • 0
      BEDS
    • 1.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,150
      SQFT
    • $1,304
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Greene Realty Group Llc.

    Description

    Incredible investment opportunity in Olympia with owner financing available, close to I5, JBLM, shopping, free bus lines, 9 units total, 3 Duplexes & 3 single family homes on private road/cul-de-sac. 1440 is completely renovated, 1510 is being updated more details on each property in supplements including info on updates, rental amounts, lease agreements, division of utilities, Owner finance terms and seller disclosure for each building.

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    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 McAuley Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-03-31T14:15:06.867.

    www.mcauleyhomes.com/homes/102074870

    1508 Fones Rd SE Olympia, WA 98501

    • Price: $1,499,500
    • Status: Pending
    • Updated: 46 min ago
    • ID#: 1545460
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.36
    Acres
    1,150
    SQFT
    $1,304
    $/SQFT
    1962
    Built
    Neighborhood:
    Olympia
    County:
    Thurston
    Area:
    Olympia South
    School District:
    North Thurston
    Property Description
    Incredible investment opportunity in Olympia with owner financing available, close to I5, JBLM, shopping, free bus lines, 9 units total, 3 Duplexes & 3 single family homes on private road/cul-de-sac. 1440 is completely renovated, 1510 is being updated more details on each property in supplements including info on updates, rental amounts, lease agreements, division of utilities, Owner finance terms and seller disclosure for each building.
    Exterior Features

    Carport Spaces 9 Exterior WoodWood Products Foundation Concrete Block Garage Spaces 2 Lot Details Cul-de-sacPaved Street Roof Composition Stories In Building 1 Style 52 - Duplex Total Parking Spaces 20 Uncovered Spaces 11

    Interior Features

    Floor Covering Laminate Tile Heating And Cooling BaseboardWall Unit1 Bathrooms 3.00 Unit1 Bedrooms 4 Unit1 Dishwasher N Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 2383 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 3 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator N Unit2 Sq Ft 992 Unit2 Washer Dryer N Unit3 Bathrooms 2.00 Unit3 Bedrooms 4 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 1150 Unit3 Washer Dryer N Unit4 Bathrooms 2.00 Unit4 Bedrooms 4 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1400 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 1260 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 984 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 7.09 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 134651 Gross Rent Multiplier 11 Gross Scheduled Income 138815 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3856 Leased Items None Net Operating Income 106417 New Construction YN No Other Expenses 2700 Possession ClosingSee Remarks Power Company Pse Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Olympia Site Features Cable TVFenced-Partially Tax Amount 13702 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 28235 Total Expenses TEX 28235 Total Monthly Income 4940 Unit1 Monthly Rent 0 Unit2 Monthly Rent 0 Unit3 Monthly Rent 1000 Unit4 Monthly Rent 1490 Unit5 Monthly Rent 1375 Unit6 Monthly Rent 1075 Vacancy Rate 3 Water Company City Of Olympia Water Sewer Garbage 7977

    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 McAuley Homes 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 McAuley Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-03-31T14:15:06.867.

     
    McAuley Homes
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    Sumner WA, 98390
    Listing Courtesy of Greene Realty Group Llc.