Property Photo: 214 Mashell Avenue S WA 98328

Listing Courtesy of:

Northwest MLS / Windermere Professional Partners / Drew Staudt and Skyline Properties, Inc.

214 Mashell Avenue S Eatonville, WA 98328

Sold (49 Days)

$1,415,000

7,978

SQFT

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Description

This 10-Plex in Eatonville is a value-add opportunity comprised of nine (9) 2-Bdrm Units, one (1) 1-Bdrm Unit, & coin-operated laundry. Currently under-performing w/ a 5.87 cap rate, but will produce a 9.64 cap rate once rented at market rates. Complex has undergone some recent updates: all new windows in 2019 + full & partial unit remodels. Upper units each offer balcony overlooking Mt Rainier & can be accessed via living rm & bdrm. Large parking lot & two (2) other parking areas + on-street parking options. The 2-bdrm units are identical in layout: living/dining/kitchen combo w/ full bath between bdrms. Centrally located w/in the downtown corridor of Eatonville offering proximity to grocery, restaurants & parks. Owner financing considered

MLS #:
2208004

Taxes
$12,304(2023)

Lot Size
0.81 acres

Type
Multifamily

Year Built
1982

Style
10+ Units

Views
City, Mountain(s), Territorial

School District
Eatonville

County
Pierce County

Community
Eatonville

Listed By

Drew Staudt, Windermere Professional Partners

Bought with
Ben Sorochuk, Skyline Properties, Inc.

Source
Northwest MLS as distributed by MLS Grid
Last checked Dec 22 2024 at 5:29 AM PST

Bathroom Details

Interior Features

Ceramic Tile
Wall to Wall Carpet

Subdivision

Eatonville

Lot Information

Paved

Property Features

Deck
Fireplace: 0
Foundation: Slab

Heating and Cooling

Baseboard

Flooring

Ceramic Tile
Vinyl Plank
Carpet

Exterior Features

Wood
Roof: Composition

Utility Information

Sewer: Sewer Connected
Fuel: Electric
Energy: Green Efficiency: Thermal Windows

School Information

Elementary School: Eatonville Elem
Middle School: Eatonville Mid
High School: Eatonville High

Additional Listing Info

Buyer Brokerage Compensation: 2.5

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Disclaimer: Based on information submitted to the MLS GRID as of 12/21/24 21:29. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.