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    501 4th Avenue E

    Olympia, WA 98501
    • $1,500,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: 1776284
    UPDATED: 54 min ago
    $1,500,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1925
    County:

    School Ratings & Info

    Listing Courtesy of The Rants Group.

    Description

    The Kelley building is a turn of the century walk-up building with nine mixed size apartments ranging from 400 square-foot studio apartments to 2-bedroom 2-bath apartments with over a 1,200 square-foot of living space. The retail portion of the building has been home to many businesses including a paint store, antique mall, and many other uses over the years. Nine Residential Units that are 100% Leased, 6,000 SF Ground-Floor Retail Space (vacant), Built in 1925, renovated in the 1990s, CAP Rate: Market 8.4%, As-Is 4.5%.

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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 Simmi Real Estate | Keller Williams Eastside are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T13:15:14.173.

    www.simmirealestate.com/homes/117335427
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    501 4th Avenue E Olympia, WA 98501

    • Price: $1,500,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 1776284
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1925
    Built
    Neighborhood:
    Olympia
    County:
    Thurston
    Area:
    Olympia North
    Property Description
    The Kelley building is a turn of the century walk-up building with nine mixed size apartments ranging from 400 square-foot studio apartments to 2-bedroom 2-bath apartments with over a 1,200 square-foot of living space. The retail portion of the building has been home to many businesses including a paint store, antique mall, and many other uses over the years. Nine Residential Units that are 100% Leased, 6,000 SF Ground-Floor Retail Space (vacant), Built in 1925, renovated in the 1990s, CAP Rate: Market 8.4%, As-Is 4.5%.
    Exterior Features

    Carport YN No Covered Spaces 0 Exterior Features Brick Foundation Details Slab Open Parking YN No Parking Total 0 Parking Uncovered Total 0 Roof Torch Down Site Frontage 166 Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography Level

    Interior Features

    Fireplace YN No Flooring LaminateVinyl Furnished Unfurnished Heating Cooling Type Forced Air

    Property Features

    Building Features Disabled Access Electric Expense 1600 Electric On Property YN No First Right Of Refusal False Gross Adjusted Income 113614 Gross Scheduled Income 104268 Insurance Expense 6000 Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 67300 Possible Use CommercialMulti-FamilyRetail Power Production Type Electric Property Condition Average Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 12804 Tax Year 2021 Total Expenses 43614 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 3700 Water Source Public Zoning Class CommercialMulti-FamilyRetail Zoning Jurisdiction City

    Listing information © 2021 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 Simmi Real Estate | Keller Williams Eastside 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 Simmi Real Estate | Keller Williams Eastside are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T13:15:14.173.

     
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    Simmi Real Estate | Keller Williams Eastside
    2616 241st Ave SE
    Sammamish WA, 98075
    Listing Courtesy of The Rants Group.