323 4th Ave E - Apartments FOR SALE


Olympia, WA 98501- Downtown Olympia
$3,150,000 USD
971-200-0686
323 4th Ave E, Olympia, WA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/6
null | 5.85% Cap Rate

323 4th Ave E
Olympia, WA 98501
Downtown Olympia


OVERVIEW

Introducing The Cunningham, a 12-unit mixed-use community with apartments and retail space located in the heart of historical Downtown Olympia, WA. Built in 1896, The Cunningham is the only pioneer storefront which remains in downtown and has earned local, historical registry status. The property features 12 studio and one-bedroom units along with three occupied retail spaces. The Cunningham was substantially renovated in 2018 with a complete seismic upgrade, new electrical, mechanical, roof and storefront. Residents at The Cunningham enjoy amenities including fully-equipped kitchens with dishwashers, ample windows for natural light, and on-site laundry facilities. Centrally located in downtown Olympia, The Cunningham has incredible access to shopping, restaurants, entertainment, and public transit lines. Straddling Capitol Lake and Budd Inlet, Olympia offers miles of waterfront, many of which are walkable from The Cunningham.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

12

PRICE/UNIT

$262,500

CAP RATE

5.85%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Cunningham

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1896

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

DB

APN/PARCEL ID

78503400400

ASK ABOUT THIS PROPERTY

Rob MartonHFO Investment Real Estate, LLCMore Info
971-200-0686

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Rob MartonHFO Investment Real Estate, LLCMore Info
971-200-0686

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.