1106 Neil St NE $900,000

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    1106 Neil St NE Olympia, WA 98516

    Pending
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    • 0 Beds
    • 0 Baths
    • 5,200 sq. ft.
    • Multi-Family
    • Listing# 1611143
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    Views: 334 Days On Market: 56

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    Property Details

    Great investment opportunity in Lacey! This building features nine 1-BR, 1-BA units with kitchen, living room and dining area. Private patio in back + lots of common areas around property. Improvements in past 2 years include new roof, new partition fences, new slider doors & new exterior paint. Owner pays water, electric for laundry room & garbage. Coin-op collects $150/mo. Current rents are below market & could be improved to potential 8% cap rate. See MLS #1613086 as well.

    • General Features
      • County Thurston
      • County1 Thurston
      • Lot Details Paved Street
      • Lot Square Footage 26,547
      • Number of Stories 1
      • Number of Units 9
      • Selling Office Commission 2.5
      • Site Features Cable TV, Fenced-Partially, High Speed Internet, Patio
      • Style 55-5-9 Units
      • Year Built 1973
    • Building Features
      • Roof Flat
      • Exterior Wood, Wood Products
      • Amenities Coin Op Laundry
      • Approx SqFt 5,200
      • Floor Covering Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $5,307
      • Net Operating Income $40,927
      • Gross Scheduled Income $63,684
      • Gross Adjusted Income $60,499
      • Total Expenses $19,572
      • Other Expenses $0
      • Insurance Expenses $3,554
      • Expenses $19,572
      • Heating Expenses $0
      • Electrical Expenses $796
      • Gross Rent Multiplier 14
    • Utilities and Taxes
      • Tax Year 2020
      • Tax Amount $7,903
      • Energy Source Electric
      • Heating and Cooling Wall
      • Water Company City of Lacey
      • Sewer Company Septic
    • Schools
      • School District North Thurston
      • Senior High River Ridge High
      • Junior High Salish Middle
      • Elementary School Olympic View Elem

    Contact

    Mitch Dietz

    Mitch Dietz

    Broker

    Coldwell Banker Evergreen Olympic Realty

    Direct: 360-791-5009

    Neighborhood

    98516 (Olympia) Demographics

    40 Median Age
    792 Population Density (per sq. mile)
    47% College Educated
    $69,370 Estimated Median Income
    6,148 Estimated Total Home Owners
    2,566 Estimated Total Renters
    71% / 29% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    22,697 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    76 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $900,000
        6/13/2020 6:34:44 PM Status Changed Source New Value: Pending
        6/11/2020 2:02:00 PM New in Database Source New Value: $900,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

        This property search is part of the Coldwell Banker Evergreen Olympic Realty, Inc. website. Listing information is courtesy of the WA-NWMLS and Coldwell Banker Evergreen Olympic Realty, Inc.. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.