1512 Fones RD SE Active Save Request In-Person Tour Request Virtual Tour
Olympia,WA 98501
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,169 sqft
Price per Sqft $336
Subdivision Olympia
MLS Listing ID 2314484
Style 55 - 5-9 Units
Bedrooms 18
Year Built 1963
Annual Tax Amount $19,644
Lot Size 1.342 Acres
Property Description
Great investment property! Own a whole neighborhood. On a private cul-de-sac with 3 duplexes and 3 homes each on individual parcels. 9 total units on 6 parcels. Each property is connected to sewer and public utilities. Just add individual water meters to each and you can sell them separate. Units are in great shape. Multiple new kitchens and interior updates over the past few years. The city is bringing road enhancements along Fones road now. Close in location, easy freeway access, excellent stable rental income. Many possibilities with property; hold and cash flow or sell each off individually. Property is located in "opportunity zone" with tax benefits, might be an estate planning stategy. Take advantage of this unique opportunity.
Location
State WA
County Thurston
Area 448 - Olympia South
Interior
Flooring Ceramic Tile,Laminate,Vinyl,Carpet
Exterior
Exterior Feature Brick,Wood,Wood Products
Amenities Available Fenced-Partially,Outbuildings,Patio
View Y/N No
Roof Type Composition,Torch Down
Building
Lot Description Dead End Street,Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District North Thurston
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional