411-411 1/2 W Grove St , 1-16

    Shelton, WA 98584
    • $1,217,800
    • STATUS: Pending Feasibility
    • ON SITE: 16 days
    • ID#: 1599366
    Under Contract
    UPDATED: 24 min ago
    $1,217,800
    • 0
      BEDS
    • 1.73
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,182
      SQFT
    • $100
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Keller Williams Downtown Sea.

    Description

    INVESTOR ALERT~ 7.7% CAP RATE~DOWNTOWN SHELTON 16 UNIT COMPLEX~TRAILER PARK. Property Consists of a 6 Unit Apartment Building with Covered Parking, Many Updates Over the Years, Siding, Electrical, Vinyl Windows, Roof. Cute 2 Bed 2 Bath Single Family Home & Garage, Great for Owner Occupant or Manager. 9 Trailer Pads & Carports, 7 Trailers & 2 Modular Included in the Sale. Units Well Maintained & Property Shows Like a Creekside Park Setting. Rents Below Market, 14 Long Term Tenants Month to Month.

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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 2020-06-04T00:13:50.243.

    www.betterpropertieslacey.com/homes/105999627

    411-411 1/2 W Grove St , 1-16 Shelton, WA 98584

    • Price: $1,217,800
    • Status: Pending Feasibility
    • Updated: 24 min ago
    • ID#: 1599366
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.73
    Acres
    12,182
    SQFT
    $100
    $/SQFT
    1968
    Built
    Neighborhood:
    Downtown
    County:
    Mason
    Area:
    Shelton
    Elementary School:
    Evergreen Elem
    Middle School:
    Olympic Mid
    High School:
    Shelton High
    School District:
    Shelton
    Property Description
    INVESTOR ALERT~ 7.7% CAP RATE~DOWNTOWN SHELTON 16 UNIT COMPLEX~TRAILER PARK. Property Consists of a 6 Unit Apartment Building with Covered Parking, Many Updates Over the Years, Siding, Electrical, Vinyl Windows, Roof. Cute 2 Bed 2 Bath Single Family Home & Garage, Great for Owner Occupant or Manager. 9 Trailer Pads & Carports, 7 Trailers & 2 Modular Included in the Sale. Units Well Maintained & Property Shows Like a Creekside Park Setting. Rents Below Market, 14 Long Term Tenants Month to Month.
    Exterior Features

    Building Condition Good Carport Spaces 15 Exterior Cement PlankedMetal/VinylWood Products Foundation Poured ConcreteSee RemarksSlab Garage Spaces 1 Lot Details Cul-de-sacCurbsDead End StreetPaved StreetSidewalk Lot Dimensions 415X131x83x87x412x185x56 Roof CompositionFlatMetal Stories In Building 1 Style 56 - 6-9 Units Total Parking Spaces 26 Uncovered Spaces 10 View RiverSee Remarks Waterfront CreekRiver

    Interior Features

    Floor Covering Ceramic TileHardwoodLaminate TileVinylWall to Wall Carpet Heating And Cooling BaseboardForced AirWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 732 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 732 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 732 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 732 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 450 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 450 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op LaundryThermal WindowsSee Remarks Bank Owned No Cap Rate 7.71 Electrical Expenses 1402 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 142980 Gross Rent Multiplier 9 Gross Scheduled Income 142980 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 7000 Leased Items None Net Operating Income 93232 New Construction YN No Other Expenses 10000 Possession ClosingSub. Tenant's Rights Power Company Pud # 3 Right Of First Refusal No Septic Approved For Number Of Bedrooms 29 Sewer Sewer Connected Sewer Company City Of Shelton Site Features Cable TVDeckFenced-PartiallyHigh Speed InternetPatioRV Parking Tax Amount 7135 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 49748 Total Expenses TEX 49748 Total Monthly Income 11915 Unit1 Monthly Rent 825 Unit2 Monthly Rent 770 Unit3 Monthly Rent 715 Unit4 Monthly Rent 725 Unit5 Monthly Rent 695 Unit6 Monthly Rent 600 Vacancy Rate 1 Water Company City Of Shelton Water Sewer Garbage 24211 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 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 2020-06-04T00:13:50.243.

     
    Better Properties Lacey
    3201 Willamette Dr NE, Ste E
    Lacey WA, 98516
    Listing Courtesy of Keller Williams Downtown Sea.