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

$1,217,800
12,182
SqFt

Listing courtesy of Keller Williams Downtown Sea.

List Price
$1,217,800
Status
ACTIVE
MLS#
1599366
Days on Market
7
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
12,182
Lot Size (sq ft)
75,359

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.

Additional Information

List Date
2020-05-18 00:00:00
Community
Downtown
Property Type
MULT
Units
16
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1968
Total Parking
26
Uncovered Parking
10
Waterfront
Yes
View
River, See Remarks
Exterior
Cement Planked, Metal/Vinyl, Wood Products
Roof
Composition, Flat, Metal
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, RV Parking
Lot Details
Cul-de-sac, Curbs, Dead End Street, Paved Street, Sidewalk
School District
Shelton
Elementary School
Evergreen Elem
Middle School
Olympic Mid
High School
Shelton High
Total Monthly Income
$11,915
Gross Scheduled Income
$142,980
Vacancy Rate
1
Gross Adjusted Income
$142,980
Annual Taxes
$7,135
Tax Year
2018
Insurance Expense
$7,000
W/S/G Expenses
$24,211
Total Expenses
$49,748
Net Operating Income
$93,232
Gross Rent Multiplier
9
Cap Rate
7

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
732
Unit 1 Rent
$825
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
732
Unit 2 Rent
$770
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
732
Unit 3 Rent
$715
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
732
Unit 4 Rent
$725
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
450
Unit 5 Rent
$695
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
450
Unit 6 Rent
$600
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