$100K+ Under-Market 4-Plex in Hub of Olympia! Strong Cash Flow!

[Cedric Van Duyn]

Fully rented 4-plex on a strategically located cul-de-sac in the heart of Olympia’s westside retail zone, minutes from every imaginable convenience.

Each spacious and meticulously maintained unit offers 2 bedrooms, 1 bathroom and an attached garage for a vehicle and storage, perfect for students, professionals, seniors and small families looking for an excellent quality of life close to every conceivable amenity.

Rent-to-Price Ratio is over 0.9% and will easily rise over 1.1% with natural Rent Increases over time and Utility Payback. Cap Rate is @ 7.9% which is an anomaly in this market for an asset of this quality and in such a desirable location, providing well over $100,000 of instant equity based on the Market Cap Rate. Price Per Unit and Price Per Square Foot comparisons provide even larger equity gain. Current COC-ROI is @ 10.4%, but with Rents raised to Market and Utility Compensation has potential to be raised over 22.5%.

Property likely qualifies for special Investor Cash Flow Financing Program which approves financing based on property performance and does not judge buyer's income, employment or Tax Returns. Fantastic 1031 Exchange opportunity!

Please email/text/call if interested. Qualified Buyers only, please.

Cedric van Duyn
[email protected]
253-777-9078