7809 Martin Wy E

    Olympia, WA 98516
    • $2,200,000
    • STATUS: Active
    • ON SITE: 2 days
    • ID#: 1564674
    New On Site 2 Days Ago
    UPDATED: 39 min ago
    $2,200,000
    • 0
      BEDS
    • 8.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,950
      SQFT
    • $370
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Virgil Adams Real Estate, Inc..

    Description

    Rare opportunity to own 8.17 acres on Martin Way. Front portion has 225' of Martin Way frontage and is zoned MHDC. Back portion is zoned LD 3-6 units per acre and is ripe for rezoning. 5 rental homes are located on the back, plus a barn that has been rented out for storage. Current monthly income is for all properties is $8278. 2018 average traffic count over 27,000.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-02-17T13:14:53.59.

    www.costelloteam.com/homes/103257176

    7809 Martin Wy E Olympia, WA 98516

    • Price: $2,200,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 1564674
    0
    Beds
    0
    Baths
    0
    ½ Baths
    8.17
    Acres
    5,950
    SQFT
    $370
    $/SQFT
    1940
    Built
    Neighborhood:
    Lacey
    County:
    Thurston
    Area:
    Hawks Prairie
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    North Thurston
    Property Description
    Rare opportunity to own 8.17 acres on Martin Way. Front portion has 225' of Martin Way frontage and is zoned MHDC. Back portion is zoned LD 3-6 units per acre and is ripe for rezoning. 5 rental homes are located on the back, plus a barn that has been rented out for storage. Current monthly income is for all properties is $8278. 2018 average traffic count over 27,000.
    Exterior Features

    Building Condition Average Carport Spaces 0 Exterior WoodWood Products Foundation Post & Pillar Garage Spaces 0 Lot Details Paved StreetValue In Land Roof CompositionFlat Stories In Building 1 Style 55 - 5-Plex Total Parking Spaces 0 Uncovered Spaces 0

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 0.00 Unit1 Bedrooms 0 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven N Unit1 Refrigerator N Unit1 Sq Ft 0 Unit1 Washer Dryer N Unit2 Bathrooms 0.00 Unit2 Bedrooms 0 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven N Unit2 Refrigerator N Unit2 Sq Ft 0 Unit2 Washer Dryer N Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven N Unit3 Refrigerator N Unit3 Sq Ft 0 Unit3 Washer Dryer N Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven N Unit4 Refrigerator N Unit4 Sq Ft 0 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven N Unit5 Refrigerator N Unit5 Sq Ft 0 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven N Unit6 Refrigerator N Unit6 Sq Ft 0 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 3.10 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilySee Remarks Gross Adjusted Income 98479 Gross Rent Multiplier 22 Gross Scheduled Income 103662 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3328 Leased Items None Net Operating Income 68301 New Construction YN No Other Expenses 11000 Possession Closing Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer AvailableSeptic Site Features Cable TVDeckFenced-PartiallyGas AvailableHigh Speed InternetOutbuildings Tax Amount 15850 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 30178 Total Expenses TEX 30178 Total Monthly Income 8278 Unit1 Monthly Rent 970 Unit2 Monthly Rent 825 Unit3 Monthly Rent 1125 Unit4 Monthly Rent 850 Unit5 Monthly Rent 800 Unit6 Monthly Rent 3698 Vacancy Rate 5 Water Sewer Garbage 0 Zoning Jurisdiction County

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Costello Team | Windermere Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-02-17T13:14:53.59.

     
    Costello Team | Windermere Real Estate
    100 116th Ave SE
    Bellevue WA, 98004
    Listing Courtesy of Virgil Adams Real Estate, Inc..