Bought with Greene Realty Group LLC
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1017 Capitol WAY S Olympia, WA 98501
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Key Details
Sold Price $1,675,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Capital Campus
MLS Listing ID 1871628
Sold Date 03/31/22
Style 56 - 10+ Units
Year Built 1918
Annual Tax Amount $13,838
Lot Size 7,200 Sqft
Property Description
The Gibbons House is a meticulously maintained asset in Downtown Olympia, just 1.5 blocks from the Capital Campus. Gibbons House consists of 19 residential units total. 11 units are studios which share secure, clean common bathrooms. 5 units are self sufficient studios. There are (2) 1 bed/1 bath units and (1) 2 bed/1 bath units. Historic occupancy has been 99%, as residents enjoy living in the heart of Downtown Olympia in a clean, safe and welcoming environment. 6.0% Cap Rate based on actual income/expenses with Upside Potential. Part of 53-Unit Portfolio including Olympia Court & Anderson House (MLS #1871663).
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Electric
Waterfront No
View Y/N No
Roof Type Composition
Building
Sewer Available
New Construction No
Schools
School District Olympia
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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