1220 4th Avenue E, Olympia, WA 98506

$560,000

Listing courtesy of RE/MAX Realty South.

List Price
$560,000
Status
ACTIVE
MLS#
1933912
Days on Market
5

Property Description

Rare 1920's gem with original charm and modern updates! Amazing opportunity for high visibility live/work space. This building is zoned residential or commercial, so the sky is the limit. Centrally located, impeccably maintained, historical home. Energy efficient double paned wood windows, original hardwood floors, art deco fireplace, original glass door knobs throughout. Updated electrical and fully replaced sewer line. 5 spacious bedrooms or 6 large offices with fully functional kitchen and large living/conference room. Remarkable number and size of closets for this era home! Full basement with tall ceilings ready to be refinished into additional work space, or separate unit!

Additional Information

Community
Bigelow
Style
60 - Comm Bldg Und 10K
Year Built
1930
# of Assigned Spaces
3
Roof
Composition
Tax Year
2022
Potential Terms
Cash Out, Conventional
Interior Features
Forced Air, Hardwood, Laminate Tile
Flooring
Hardwood, Laminate, Vinyl
Driving Directions
Head west on 11th Ave SE toward Jefferson St SETurn right onto Jefferson St SETurn right onto Union Ave SETurn left onto Eastside St SETurn right onto 4th Ave E
Heating/Cooling Type
Forced Air
Electric Expenses
1900
Other Expenses
1950
Energy Source
Electric, Natural Gas
Net Operating Income
$28,354
Gross Adjusted Income
$40,176
Gross Scheduled Income
$43,200
Water/Sewer/Garbage Expenses
$1,900
Cap Rate
26330
Vacancy Rate
7
Total Expenses
$12,146

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