Multifamily For Sale

$2,595,000

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Or Call Us 1-800-241-3327

Listing courtesy of NWMLS / Westlake Associates, Inc.

711 W Pine Street

  • – beds
  • – baths
  • 26,290 sqft
  • ~1/2 acre lot
  • $98 per sqft
  • 1935 build
  • on site

The property is a 33 unit Value Add Opportunity located in Shelton, Washington. The apartments are priced well below replacement cost in a market that is running above 98% occupancy. In place 6.24% cap rate, with attractive debt options starting in the low/mid 3% range. Exterior paint and landscaping provide for value add opportunity. Ability to remodel units and push rents. Charming apartment community in downtown Shelton location with long term stable tenant base.

NWMLS logo Listing courtesy of NWMLS / Westlake Associates, Inc.

Last checked: Checking… • Last updated Dec 2, 2020 • Source: NWMLS

MLS# NWM1694576 —

Amenities & Taxes

The Building

Year Built:
1935
Roof:
Composition
New Construction:
false
Structure Type:
Multi Family
Building Area Total:
26290
Building Area Units:
Square Feet
Exterior Features:
Wood
Units In Building Total:
33
Number Of Units Total:
32
Calculated Square Footage:
26290
Stories Total:
2

Interior

Flooring:
Laminate,Carpet
Fireplace:
false
Furnished:
Unfurnished

Financial & Terms

Possession:
Closing

Location

Latitude:
47.215631
Longitude:
-123.107367
Directions:
On US-101 N from Olympia, take exit 101 toward Shelton / Port Angeles. Take exit toward Matlock. Turn right on W Railroad Ave, left on N 7th St. Turn left on W Pine St, property is on the left.

The Property

Property Type:
Residential Income
Property Sub Type:
Multi-Family
Parcel Number:
320195209001
Lot Size Units:
Square Feet
Lot Size Acres:
0.42
Lot Size Square Feet:
18295
Lot Size Source:
Mason County Assessor
Zoning Class:
Multi-Family
Electric On Property:
false
View:
false
Waterfront:
false
Possible Use:
Multi-Family
Irrigation Water Rights:
false

Listing Agent

Contact info:

Taxes

TaxYear:
2020
Tax Annual Amount:
14188

The Listing

Special Listing Conditions:
None

Heating & Cooling

Heating:
true
Heating Cooling Type:
Radiant

Utilities

Utilities:
Sewer Connected,Electricity Available
Sewer:
Sewer Connected
Water Sewer Garbage:
36160

Schools

High School District:
Shelton

The Community

Subdivision Name:
Shelton

Parking

Open Parking:
false
Carport:
false

Listing courtesy of NWMLS / Westlake Associates, Inc.

NWMLS logo This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Schools

Rating Details
1

Evergreen Elementary School

  • Public
  • K-5
  • 0.1 mi
4

Olympic Middle School

  • Public
  • 6-7
  • 1.0 mi
4

Oakland Bay Junior High School

  • Public
  • 8-9
  • 1.3 mi
3

Shelton High School

  • Public
  • 8-12
  • 1.6 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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Sale history

Date Event Source Price % Change
12/2/20
Listed / Active NWMLS $2,595,000
8/19/20
Price Changed NWMLS
7/16/20
Listed / Active NWMLS

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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