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218 N First Street

Shelton, WA 98584
  • $397,997
  • STATUS: Active
  • ON SITE: 104 days
  • ID#: 1753734
UPDATED: 65 min ago
$397,997
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1938
County:
Area:

School Ratings & Info

Listing Courtesy of Abbey Realty Inc.

Description

Ideally located investment property with two storefronts right on First Street in Shelton with 4-apartments upstairs. This is a rare opportunity to be able to buy a great cash-flowing commercial property or to buy a building to run your business and have the apartments offset the cost of financing. This property is fully leased currently and generates around $3,775 per month in income! Long-term tenants, 5-14 years. Apt's #1, #2 & 2nd office space fully remodeled. New roof 3-yrs ago and recently upgraded windows. On bus route and Ideally located and within walking distance to just about everything downtown.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-26T15:14:45.023.

www.betterpropertieslacey.com/homes/116023555
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218 N First Street Shelton, WA 98584

  • Price: $397,997
  • Status: Active
  • Updated: 65 min ago
  • ID#: 1753734
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1938
Built
Neighborhood:
Downtown
County:
Mason
Area:
Shelton
Property Description
Ideally located investment property with two storefronts right on First Street in Shelton with 4-apartments upstairs. This is a rare opportunity to be able to buy a great cash-flowing commercial property or to buy a building to run your business and have the apartments offset the cost of financing. This property is fully leased currently and generates around $3,775 per month in income! Long-term tenants, 5-14 years. Apt's #1, #2 & 2nd office space fully remodeled. New roof 3-yrs ago and recently upgraded windows. On bus route and Ideally located and within walking distance to just about everything downtown.
Exterior Features

Carport YN No Exterior Features Cement/ConcreteStoneWood Foundation Details Slab Open Parking YN No Parking Total 0 Roof Composition Site Frontage 60 Structure Type Retail Style Code 75 - Retail Topography Level

Interior Features

Fireplace YN No Furnished Unfurnished

Property Features

Electric Expense 0 Electric On Property YN No Expansion Area False First Right Of Refusal False Fuel Expense 0 Gross Adjusted Income 45300 Gross Scheduled Income 45300 Insurance Expense 3300 Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 33300 Possible Use BusinessMulti-FamilyOfficeRetail Property Condition Average Property Sub Type Commercial Industrial Special Listing Conditions None Tax Annual Amount 1800 Tax Year 2020 Total Expenses 12000 Water Sewer Garbage 5700 Water Source PublicSee Remarks Zoning Class BusinessMulti-FamilyOfficeRetail Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Better Properties Lacey and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-26T15:14:45.023.

 
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Better Properties Lacey
3201 Willamette Dr NE, Ste E
Lacey WA, 98516
Listing Courtesy of Abbey Realty Inc.