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501 4th Avenue E

Olympia, WA 98501
  • $1,500,000
  • STATUS: Pending
  • ON SITE: 156 Days
  • ID#: 1776284
Under Contract
UPDATED: 26 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 My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-22T08:14:58.22.

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

  • Price: $1,500,000
  • Status: Pending
  • Updated: 26 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 Lot Size Dimensions 106X60 Open Parking YN No Parking Total 0 Roof Torch Down Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Flooring LaminateVinyl Furnished Unfurnished Heating Cooling Type Forced Air Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No Energy Source Electric First Right Of Refusal No Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 67300 Possession Closing Possible Use CommercialMulti-FamilyRetail Power Company Puget Sound Energy Power Production Type Electric Property Condition Average Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company City Of Olympia Special Listing Conditions None Tax Annual Amount 12804 Tax Year 2021 Utilities Sewer ConnectedElectricity Available Water Company City Of Olympia 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 My Puget Sound 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 My Puget Sound Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-22T08:14:58.22.

 
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My Puget Sound Homes
33434 8th Ave South
Federal Way, WA, 98003
Listing Courtesy of The Rants Group.