6711 KINWOOD PARK Lane SE $495,000

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    6711 KINWOOD PARK Lane SE Olympia, WA 98503

    • 0 Beds
    • 0 Baths
    • 3,584 sq.ft.
    • Multi-Family
    Listing# 1386491 | Pending

    $495,000

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    Days On Market: 310 7 Views
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    Property Details

    Wonderful opportunity to own an income producing 4 plex. Long time residents and stable vacancy provide a great investment opportunity. Rents are currently below market value which makes this an even better situation for profit. Units include their own sets of washer/dryer! Located close to shopping, amenities and freeway yet secluded in a quiet setting in a cul-de-sac and tranquil location. These units do not become available very often so now is your chance to make a great investment!

    • General Features
      • County Thurston
      • Style 54-4-Plex
      • Number of Stories 2
      • Number of Units 4
      • Year Built 1986
      • Lot Details Cul-de-sac, Curbs, Dead End Street, Open Space, Paved Street, Private
      • Lot Square Footage 27,080
      • Site Features Deck, Patio
      • County Thurston
    • Building Features
      • Approx SqFt 3,584
      • Roof Compostion
      • Exterior Wood, Wood Products
      • Floor Covering Laminate Tile, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $3,200
      • Net Operating Income $31,995
      • Gross Scheduled Income $38,400
      • Gross Adjusted Income $38,400
      • Total Expenses $6,937
      • Other Expenses $0
      • Insurance Expenses $920
      • Expenses $6,937
      • Heating Expenses $0
      • Electrical Expenses $260
      • Gross Rent Multiplier 13
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $5,157
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company CITY OF LACEY
      • Sewer Company Septic
    • Schools
      • School District North Thurston

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    Neighborhood

    98503 (Olympia) Demographics

    37Median Age
    3,339Population Density (per sq. mile)
    39%College Educated
    $57,548 Estimated Median Income
    7,577Estimated Total Home Owners
    7,353Estimated Total Renters
    51% / 49%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    37,678Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $325,000 Median Sales Price
    59 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $495,000
        8/24/2019 12:01:07 PM Status Changed Source New Value: Pending
        8/3/2019 8:21:11 PM Status Changed Source New Value: Active
        7/31/2019 11:11:10 AM Price Increased Source New Value: $495,000 10.24%
        11/15/2018 4:02:00 PM New in Database Source New Value: $449,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.