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2534483658
Real Estate Company
4004 Wiggins Road SE, Olympia, WA 98501
- $2,195,000
- 2,948
- SqFt
Listing Broker: RE/MAX Parkside Affiliates; Thomas Schrader; 360-480-9387; toms@remax.net
- List Price
- $2,195,000
- Status
- ACTIVE
- MLS#
- 2592785
- Days on Market
- 0
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 2,948
- Area Total SqFt
- 2948
- Annual Tax Ammount
- 6500
- Internet Provider
- Buyer's Choice
- Lot Size (sq ft)
- 415,333
- Sewer
- Septic Tank
Property Description
12 UNITS WITH $20,690/mo (gross) income on 9.7 acres zoned R-4CB. Approx 5 acres could potentially be subdivided for an additional lot! A 4-Unit 2,948sf wood framed structure, with 8 RVs and a stand-alone coin operated laundry! Two storage sheds.
Additional Information
- List Date
- 2026-10-09 02:43:12
- Community
- Chambers/East
- Net Operating Income
- $215,820
- Gross Adjusted Income
- $248,320
- Gross Scheduled Income
- $244,320
- Total Monthly Income
- $244,320
- Insurance Expenses
- $2,500
- Water/Sewer/Garbage Expenses
- $8,500
- Gross Rent Multiplier
- 7.98
- Total Expenses
- $32,501
- Cap Rate
- 9.8
- Total Number of Units
- 1
- Unit Name
- 4004
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1958
- View
- Territorial
- Roof
- See Remarks
- Site Features
- Cable TV, Fenced-Partially, Outbuildings, RV Parking
- Electric Expenses
- 10000
- Other Expenses
- 5000
- Energy Source
- See Remarks
- School District
- North Thurston
- Elementary School
- Horizons Elem
- Middle School
- Komachin Mid
- High School
- Timberline High
- Total Monthly Income
- $244,320
- Gross Scheduled Income
- $244,320
- Gross Adjusted Income
- $248,320
- Tax Year
- 2026
- Insurance Expense
- $2,500
- W/S/G Expenses
- $8,500
- Total Expenses
- $32,501
- Net Operating Income
- $215,820
- Gross Rent Multiplier
- 7.98
- Cap Rate
- 9.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.