2116 Soroya Court SW, Olympia, WA 98502

WA, Olympia
$895,000
  • 4,532 Sqft
  • Residential Income Property Type
  • 1977 Year Built
  • Closed Status
Property Description

Welcome to the perfect investment opportunity! This exceptional property features four spacious 2-bedroom, 1-bath units. Highly desired West Olympia location. Well maintained condition, fresh exterior paint, rents are currently below market value, it offers an excellent return on investment. Each unit has their own garage as well as 1 reserved space along with ample guest parking. Situated in a vibrant community, it fosters long-term tenancies and remarkable profitability. Current cap rate at 4.2% with realistic cap rate at 7.18% at market rent. Contact us now to maximize returns on this exceptional investment!

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2125549
  • Price: $895,000
  • View: Territorial
  • Square Footage: 4,532 Sqft
  • Year Built: 1977
  • Lot Area: 0.22 Acre
  • Status: Closed
  • Office Name: Mondau Real Estate
  • Agent Name: Phil Mondau
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Exterior Features Wood, Wood Products
  • Flooring Ceramic Tile, Carpet, Vinyl
  • Interior Features Ceramic Tile, Wall to Wall Carpet
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Thurston
  • City Olympia
  • Zipcode 98502
  • Street: Soroya
  • Street Number: 2116
  • Street Suffix: Court
  • Longitude: W123° 4' 20.7''
  • Latitude: N47° 2' 28.6''
  • Directions: Exit Highway 101 to North on Black Lake Blvd. Right on 9th Ave SW. Left on Soroya Drive SW left on Soroya Court SW. First half cul-des-ac on right.
  • Mls Area Major: 444 - Olympia Westside
  • Street Dir Suffix: SW
Neighborhood
  • High School: Capital High
  • High School District: Olympia
Additional Information
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2023-06-09
  • Number Of Units Total: 4
  • Lot Features: Dead End Street, Paved, Curbs, Cul-De-Sac
  • Foundation Details: Poured Concrete
Financial
  • Association Fee: 139
  • Association Fee Frequency: Monthly
  • Association Yn: 1
  • Tax Annual Amount: 6324
Listing Information
  • List Agent Mls Id: 110465
  • List Office Mls Id: 7254
  • Listing Term: Cash Out,Conventional,VA Loan
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:47:10Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2023-10-11T17:47:45Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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