510 Lilly Rd SE | Olympia, WA 98501
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- LoopNet Team
510 Lilly Rd SE
Olympia, WA 98501
Lilly Apartments · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Value-Add Investment
- Well-educated workforce with stable government jobs
- Remodeled units are achieving rent premiums up to $217 per month
- High in-place cap rate
PROPERTY FACTS
| No. Units | 20 | Building Size | 9,498 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 4.2/1,000 SF |
| Lot Size | 0.50 AC | ||
| Zoning | GC | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 9,498 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 4.2/1,000 SF |
| Zoning | GC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Carpet
- Smoke Free
SITE AMENITIES
- Grill
- Vision Impaired Accessible
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $1,278 | 475 |
| 2+1 | 4 | $1,417 | 575 |
PROPERTY TAXES
| Parcel Number | 65100500101 | Improvements Assessment | $2,580,500 |
| Land Assessment | $791,600 | Total Assessment | $3,372,100 |
PROPERTY TAXES
Parcel Number
65100500101
Land Assessment
$791,600
Improvements Assessment
$2,580,500
Total Assessment
$3,372,100
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