Investment Condo at 1516 Decatur ST Sw, Olympia, WA 98502 - $7,896 Profit
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1516 Decatur ST Sw, Olympia, WA 98502

Unit - #110

$349,000

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Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502
Image of property at 1516 Decatur ST Sw, Olympia, WA 98502

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $136 per day and long-term for an average of $1,748 per month, based on similar listings in the area. Estimated short-term cap rate of 2.3%. Estimated long-term cap rate of -2.0%. This 2 BR/2 -.75 BA luxury condo offers a perfect blend of comfort and convenience, situated on the west side and just a short distance away from Capitol complex, historic dist, and the Capitol Mall.Natural light floods the living spaces through skylights, picture windows and a sliding glass door to the private patio and fully fenced yard. The well-appointed kitchen has stainless steel appliances, quartz countertops, a garden window and a walk-in pantry. The loft provides space for a home office, reading nook or storage. The primary bedroom offers privacy and luxury with its ensuite bathroom and spacious walk-in closet. The 2nd BR offers a big closet for extra storage.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
 $200
Rental Policy
 daily
Yearly Taxes
 $3297
Bedrooms
 2
Bathrooms
 2
SQFT
 1,136
Furnished
 N/A
Year built
 1974
Listing Status
 Active
MLS
 2333425
Short-term Rental Potential
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$35,880

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$307

Price/SQFT
Long-term Rental Potential
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$20,976

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,748/mo

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