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Stateside Flats 210 Bethel St NE 27 Unit Apartment Building $5,050,000 ($187,037/Unit) 6.42% Cap Rate Olympia, WA 98506
INVESTMENT HIGHLIGHTS
- MAJOR CAPITAL EXPENSES COMPLETED - Interior and exterior renovations and roof completed in 2022
- ATTRACTIVE IN-PLACE CAP RATE - In-place 6.36% CAP
- PEDESTRIAN FRIENDLY - 87/100 Walk Score, 83/100 Bike Score
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,050,000 | Building Class | C |
| Price Per Unit | $187,037 | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 35,469 SF |
| Cap Rate | 6.42% | Average Occupancy | 100% |
| No. Units | 27 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.81/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | HDC-1 | ||
| Price | $5,050,000 |
| Price Per Unit | $187,037 |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 35,469 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2022 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | HDC-1 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Range
- Smoke Free
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | $1,413 | 598 |
| 2+1 | 5 | $1,598 | 859 |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 66500002501 | Improvements Assessment | $3,432,900 |
| Land Assessment | $547,300 | Total Assessment | $3,980,200 |
PROPERTY TAXES
Parcel Number
66500002501
Land Assessment
$547,300
Improvements Assessment
$3,432,900
Total Assessment
$3,980,200
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Stateside Flats | 210 Bethel St NE
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