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Stateside Flats

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Stateside Flats

210 Bethel St NE, Olympia, WA 98506
Multi-Family For Sale Available Built 1978 2 floors Zoning: Five Plus
Asking Price
$4,900,000
Total Building18,088 SF
Land26,732 SF land
Parking Total34
& Uncov.
ConstructionConcrete,Framed,Wood
MarketOlympia
CountyThurston

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Overview

Property ID
213064
Listing ID
708216
Type
Multi-Family
Asset Class
Multi-Family
Zoning
Five Plus

Description

Stateside Flats presents a prime investment opportunity at 210 Bethel St NE in Olympia, WA, centrally located in the city's thriving economic landscape. With 27 units averaging 652 SF each, this 1970-built property offers a lucrative purchase price of $4,900,000. Boasting a solid T-3 cap rate of 6.22% and market cap rate of 6.92%, Stateside Flats sits on a 26,136 SF lot in the desirable HDC-1 zoning area of Thurston County. The property's strategic position in Greater Olympia benefits from the region's economic diversity, attracting a growing number of high-income professionals opting for renting over owning. With recent renovations such as a new roof and unit upgrades, Stateside Flats promises stable cash flow potential and continual growth in one of Washington's fastest-growing areas. Do

Listing Courtesy of:

SC
Steven Chattin
Berkadia Real Estate Advisors, LLC
411 108th Avenue NE Suite 1080,
Bellevue, WA 98004
State: WA City: Olympia ZIP: 98506 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.