Listing courtesy of Keller Williams Realty PS 253-835-4500
$599,950
Outstanding opportunity in a highly desirable Olympia location! Featuring two income-producing 2-bedroom, 1-bath homes on one lot, plus a separate adjacent building lot zoned 4–8 units per acre. Currently rented, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a… Read More newer roof, flooring, and siding, and rented for $1,670.00 a month, while the front home, 521, is 839 sq. ft., built in 1965, and presents an opportunity for improvement with some TLC (currently rented for a VERY low rent of $787.50). Each residence includes an adjacent carport. Developers and investors will appreciate the flexibility—build on the additional lot while maintaining rental income, or explore options to condominiumize or short-plat for individual resale, with alley access available (buyer to verify). A rare combination of location, income, and development potential! The listing reflects the combined sq. footage of 521 and 523, and each lot is 5,779 square feet. Taxes are $4,658.11 for 521 and 523, $1,824.27 for the lot. Recent inspections have been completed and are available upon request. Do not disturb the tenants. Viewing of the interior will be upon mutual acceptance of the offer. What a great investment! Read Less
Building Area Total: 1588, Building Area Units: Square Feet, Building Information: Built On Lot, Building Name: Fourth St Blvd Add Olympia, Calculated Square Footage: 1588, Elevation Units: Feet, Entry Location: Main, Levels: "One", Living Area: 1588, Structure Type: "House", Year Built: 1962
Exterior Features
Exterior Features: "Wood"
Fireplaces
Fireplaces Total: 0
Floors
Flooring: "Vinyl", "Vinyl Plank", "Carpet"
Foundation
Foundation Details: "Pillar/Post/Pier"
Heating
Water Heater Location: Kitchen, Water Heater Type: Electric
Home Owner's Association
Association Fee: $0
Interior Features
Interior Features: "Water Heater"
Lot
Features: "Paved", 0 acres, 11558 square feet, Dimensions: 110 x 53 & 110 X 53, View: "Territorial"
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