7505 Mullen Road SE, Olympia, WA 98503

$499,000

Listing courtesy of Keller Williams Realty PS.

List Price
$499,000
Status
ACTIVE
MLS#
1758435
Days on Market
64
Style
52 - Duplex
Building Condition
Good
Area Total SqFt
1949
Lot Size (sq ft)
23,087

Property Description

Ideal opportunity to own this updated duplex on a large half-acre lot! One unit has three bedrooms and one full bath and the other unit has two bedrooms and one full bath. Both units have been recently updated with kitchen granite countertops and wood laminate flooring. Each unit has its own washer and dryer, 1-car garage plus plenty of parking out front. Roof is less than 6-years old. Large front and back yards! Tenants pay for all utilities except for water. Close to local schools, parks, and other great amenities! Long-term tenants on month-to-month leases and wish to stay.

Additional Information

List Date
2021-04-15 00:00:00
Community
Lacey
Potential Terms
Cash Out, Conventional, FHA
Year Built
1948
View
Territorial
Roof
Composition
School District
North Thurston
Total Monthly Income
$2,650
Gross Scheduled Income
$31,800
Tax Year
2021
Insurance Expense
$900
W/S/G Expenses
$816
Total Expenses
$5,752
Net Operating Income
$26,048
Gross Rent Multiplier
16
Cap Rate
5
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