2429 Mitchell Avenue Northeast
2429 Mitchell Avenue Northeast
Olympia, WA 98506
$450,000
Last Sold Price
4
Beds
2
Baths
1,584 Sq. Ft.
$284 / Sq. Ft.
1,584
Sq. Ft.
$284
per Sq. Ft.
Sold 2/20/23
Sold 2/20/23
Listing provided courtesy of Networks Real Estate LLC, Greene Realty Group LLC
Description
Add this NEVER empty DUPLEX to your portfolio. Boasts WELL maintained units with long term renters and a 6.3% CAP RATE. These spacious units with attached 1 car garaged are never empty for long since the location is amazing. Both units with exact same layouts was updated in 2014 but you'd swear it was just a couple years since it was done. Each unit is 2 bed 1 bath FULLY FENCED HUGE backyards as well keeps tenants here for years and years. Renters pay water & garbage and the property is hooked to...Add this NEVER empty DUPLEX to your portfolio. Boasts WELL maintained units with long term renters and a 6.3% CAP RATE. These spacious units with attached 1 car garaged are never empty for long since the location is amazing. Both units with exact same layouts was updated in 2014 but you'd swear it was just a couple years since it was done. Each unit is 2 bed 1 bath FULLY FENCED HUGE backyards as well keeps tenants here for years and years. Renters pay water & garbage and the property is hooked to septic so NO monthly bills for the owner. Nice, easy maintenance METAL roof will last for eternity. OLYMPIA SCHOOL DISTRICT too! Close to all amenities as well. Super quiet DEAD END street adds value to this lovely investment.
- Listed by Peter Henry • Networks Real Estate LLC
Property Details for 2429 Mitchell Avenue Northeast
Community Name
Bigelow
School DistrictOlympia
ViewTerritorial
Number of Assigned Spaces4
Total Covered Parking2
Offers Review Date12-12-2022
Entry Date12-01-2022
Energy SourceElectric
Location
Listing Courtesy of Networks Real Estate LLC![]()
Sold By Greene Realty Group LLC
Add your commute
LISTING UPDATED: 02/21/2023 02:48 PM
Property Details for 2429 Mitchell Avenue Northeast
| Status | Sold |
|---|---|
| MLS # | 2019801 |
| Days on Market | 41 |
| Cumulative Days on Market | 435 |
| Taxes | $3,412 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1971 |
| Lot Size | 0.20 AC / 8,505 SF |
| County | Thurston County |
Location
Listing Courtesy of Networks Real Estate LLC![]()
Sold By Greene Realty Group LLC
Add your commute
Building Information for 2429 Mitchell Avenue Northeast
Stories1Residences2Year Built1971Building Size-Lot Size0.20 AC / 8,505 SF
Payment Calculator
$2,740 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,456
Property Taxes
$284
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2429 Mitchell Avenue Northeast
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Fenced-Fully, Patio
- Area: 447 - Olympia North
- Elementary School: Roosevelt Elementary
- Middle Or Junior School: Reeves Mid
- High School: Olympia High
- Effective Year Built Source: Public Records
- Directions: North on South Bay to Left on Phoenix to Left on Mitchell Ave. to duplex on left.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Cooling: Yes
- Fireplace: No
- Heating: Yes
- FIRPTA: Yes
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Metal
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: Septic
- Water Company: City of Olympia
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Slab
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1991
- Photos Count: 8
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: realist
- Parcel Number Free Text: 68900400600
- Building Condition: Good
- Calculated Square Footage: 1584
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 1584.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 1
- 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: 4707
- Gross Adjusted Income: 30093
- Gross Rent Multiplier: 13.64
- Gross Scheduled Income: $34,800
- Insurance Expense: $1,295
- Net Operating Income: $30,093
- Other Expenses: $0
- Total Monthly Income: 2900
- Fuel Expense: $0
Unit 1
- Name Unit 1: 2429
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 800
- Rent Unit 1: $1,450.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2431
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 800
- Rent Unit 2: $1,450.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 1584.0
- Leasable Area Units: Square Feet
Property History for 2429 Mitchell Avenue Northeast
| 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 2429 Mitchell Avenue Northeast
Taxable ValueLand$149,400Additions$216,700Total$366,100
Tax Record2023$3,655 ($305 / month)
Home Facts
Baths2Total Finished SqFt1,584 SqFtAbove Ground SqFt1,584 SqFtStories1Lot Size8,712 SqFtStyleMulti-Family Dwelling (2-4)Year Built1971Year Renovated1991CountyTHURSTONAPN6890-04-00600Fireplace TypeHas Fireplace
Schools near 2429 Mitchell Avenue Northeast
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 |
|---|---|---|
Roosevelt Elementary School PublicPK to 5 | ||
Reeves Middle School Public6 to 8 | ||
Olympia High School Public9 to 12 | ||
Avanti 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. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Networks Real Estate LLC
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.