424-426 Bungalow Drive Northwest
Olympia, WA 98502
$739,000
Price
4
Beds
5
Baths
2,632 Sq. Ft.
$281 / Sq. Ft.
2,632
Sq. Ft.
$281
per Sq. Ft.
Listing provided courtesy of Windermere RE West Campus Inc
Description
Incredible investment opportunity w/great cap rate & rental history, offering potential for instant positive cash flow. Buyers & tenants will love calling this place home. 2007 built duplex consisting of two townhomes, each home contains 2 bedrooms, 2.5 bathrooms, one unit has a 2 car garage, the other has 1 car w/storage, both have driveway parking & a private backyards. These live like single family homes, open concept floorplans, 18 ft ceilings & gas fireplaces. Beautiful community with tree lined...Incredible investment opportunity w/great cap rate & rental history, offering potential for instant positive cash flow. Buyers & tenants will love calling this place home. 2007 built duplex consisting of two townhomes, each home contains 2 bedrooms, 2.5 bathrooms, one unit has a 2 car garage, the other has 1 car w/storage, both have driveway parking & a private backyards. These live like single family homes, open concept floorplans, 18 ft ceilings & gas fireplaces. Beautiful community with tree lined streets, walking trail, moments from schools, parks, groceries, gas stations, countless eateries & entertainment. Professionally maintained & managed. This will make an incredible addition to any real estate portfolio. Invest in your future!
- Listed by Pete Warren • Windermere RE West Campus Inc
Property Details for 424-426 Bungalow Drive Northwest
Community Name
Olympia
School DistrictOlympia
ViewTerritorial
Number of Assigned Spaces6
Total Covered Parking3
Entry Date11-13-2024
Energy SourceNatural Gas
SewerSewer Connected
LISTING UPDATED: 11/14/2024 12:06 PM
Property Details for 424-426 Bungalow Drive Northwest
| Status | Active |
|---|---|
| MLS # | 2305427 |
| Days on Market | 4 |
| Cumulative Days on Market | 4 |
| Taxes | $6,440 / year |
| HOA Fees | $140 / month |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2007 |
| Lot Size | 0.14 AC / 6,003 SF |
| County | Thurston County |
Building Information for 424-426 Bungalow Drive Northwest
Stories2Residences2Year Built2007Building Size-Lot Size0.14 AC / 6,003 SF
Property Information for 424-426 Bungalow Drive Northwest
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet, Patio
- Area: 444 - Olympia Westside
- Elementary School: Mclane Elem
- Middle Or Junior School: Marshall Middle
- High School: Capital High
- Directions: GPS Friendly
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Hardwood, Vinyl, Carpet
- Features: Hardwood, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: 90%+ High Efficiency, Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl
- Roof: Composition
- Security Features: PartiallyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: City of Olympia
- Water Company: City of Olympia
- Power Production Type: Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- First Right Of Refusal: false
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 11
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Dimensions: 74,84,74,84
- Lot Size Source: Realist
- Parcel Number Free Text: 51450011000
- Building Condition: Very Good
- Calculated Square Footage: 2632
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2632.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 7468
- Gross Adjusted Income: 36092
- Gross Rent Multiplier: 16.97
- Gross Scheduled Income: $43,560
- Insurance Expense: $1,028
- Net Operating Income: $36,092
- Other Expenses: $0
- Total Monthly Income: 3630
- Fuel Expense: $0
Unit 1
- Name Unit 1: 424
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1316
- Rent Unit 1: $1,730.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 3
Unit 2
- Name Unit 2: 426
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1316
- Rent Unit 2: $1,900.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 3
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3324.0
- Leasable Area Units: Square Feet
Property History for 424-426 Bungalow Drive Northwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 424-426 Bungalow Drive Northwest
Taxable ValueLand$103,100Additions$380,800Total$483,900
Tax Record2021$6,245 ($520 / month)
Home Facts
Baths4Total Finished SqFt2,632 SqFtAbove Ground SqFt2,632 SqFtStories2Lot Size6,003 SqFtStyleMulti-Family Dwelling (2-4)Year Built2007Year Renovated2007CountyTHURSTONAPN51450011000Fireplace TypePre Fab
Schools near 424-426 Bungalow Drive Northwest
This home is within Olympia School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
McLane Elementary School PublicPK to 5 | ||
Thurgood Marshall Middle School Public6 to 8 | ||
Avanti High School Public9 to 12 | ||
Capital High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere RE West Campus Inc
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
