503 Devoe St NE

Great investment opportunity to add to your portfolio, offering instant cash flow. Located on Eastside of Olympia in the UGA, just outside of city limits. New city of Olympia landlord/tenant laws do not apply. This 2011 built duplex has 2-bedrooms, 2-bathrooms and an extra finished room being used as a 3rd bedroom and the other unit is 2-bedroom, 1-bathroom (4-bedroom septic), just completely remodeled/updated. Updates include LVP flooring, quartz counters, all new millwork, trim, Kitchen cabinets, appliances, doors, & fresh paint. Larger unit has 2 car garage, and other unit has 1 car garage. This duplex sits on a large lot, just under half acre, zoned to build 2 duplexes. Investor could build 2nd duplex if they hooked up to sewer. With a 6.34% cap rate, great location, Olympia schools, & future development potential.