- – 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.
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:
- Agent phone:
- (206) 505-9400
- Office phone:
- (206) 505-9400
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.
Schools
| Rating | Details | |
|---|---|---|
|
1
|
Evergreen Elementary School
|
|
|
4
|
Olympic Middle School
|
|
|
4
|
Oakland Bay Junior High School
|
|
|
3
|
Shelton High School
|
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
WalkScore®
Provided by WalkScore® Inc.
Soundscore™
Provided by HowLoud
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/2/20
Dec 2, 2020
|
Listed / Active | NWMLS | $2,595,000 | |
|
8/19/20
Aug 19, 2020
|
Price Changed | NWMLS | ||
|
7/16/20
Jul 16, 2020
|
Listed / Active | NWMLS |