813 815 Thomas Street SW
Olympia, WA 98502

$395,000 (Pending)

Number of Units: 2
Type: Multi-Unit Residential
Spence Weigand
Broker: Virgil Adams Real Estate, Inc.

Listing #1773956
Super desirable duplex location in Olympia's old southwest neighborhood! Close to schools, shopping, downtown, and other amenities. Units are always rented but one is vacant now for marketing purposes. The other tenant is on a month-to-month basis and would love to stay for now. Income improvement is quite probable as these units have been "under-rented" for years. Vacant unit rent is established on a pro-forma basis after discussion with property managers. Installed in the last couple of years: two new electrical panels, a new roof, and all new windows. Vacant unit has fresh interior paint and all new carpeting. Shared carport and back yard with garden space. Separate exterior storage units.
Property Features
Location Information
County: Thurston
Community: Westside
MLS Area: Olympia Westside
Latitude: 47.040381
Longitude: -122.921027
Directions: East on 9th Ave from Black Lake Blvd, left on Thomas to property on the left.
Interior Features
Heating/Cooling: Baseboard
Power Production Type: Electric
Floors: Vinyl, Carpet
Total Number of Units: 2
Exterior Features
Style: Duplex
Stories: 1
Exterior: Wood
Foundation: Poured Concrete
Roof: Torch Down
Carport Spaces: 2
Septic or Sewer: Sewer Connected
Covered Spaces: 0
Water Company: City of Olympia
Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
Parking Spaces: 2
Site Description: Cable TV, High Speed Internet
Lot Description: Curbs, Paved, Sidewalk
Lot Size in Acres: 0.179
Lot Size in Sq. Ft.: 7, 800
Possible Best Use: Multi-Family, Residential
Open Parking Spaces: 0
Building Total Area (Sq. Ft.): 1, 552
School
High School District: Olympia
Elementary School: Garfield Elem
Jr. High School: Jefferson Mid
High School: Capital High
Additional Information
Possession: Closing, See Remarks, Tenant's Rights
Property Type: RI
Property SubType: Multi-Family
Status: Pending
HOA Fee: 0
HOA Frequency: Annually
Tax Year: 2021
Tax Amount: 3, 189
Expenses: 7389


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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NWMLS - NorthwestMLS data last updated at June 21, 2021 12:26 PM PT