54 W Pine Acres Wy

    Shelton, WA 98584
    • $1,199,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: 1603475
    UPDATED: 35 min ago
    $1,199,000
    • 0
      BEDS
    • 2.77
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,704
      SQFT
    • $255
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1996
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Coldwell Banker Bain.

    Description

    Contractors,Investors,&/or Owner occupants.Great investment opportunity w/instant rental income to help pay the mortgage.Conveniently located in Shelton.Currently,there are 3 duplexes on this property which are fully rented.Seller has done preliminary feasibility study which shows 2 more duplexes can be built which would total 5 duplexes on this property.The adjacent vacant Lot 12,included,has the possibility of building 3.5 duplexes.Water,power,&sewer are in the street & available.A Must See!

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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 Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-06-02T12:14:41.713.

    www.costelloteam.com/homes/106145985

    54 W Pine Acres Wy Shelton, WA 98584

    • Price: $1,199,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 1603475
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.77
    Acres
    4,704
    SQFT
    $255
    $/SQFT
    1996
    Built
    Neighborhood:
    Shelton
    County:
    Mason
    Area:
    Shelton
    Elementary School:
    Mtn View Elem
    Middle School:
    Oakland Bay Jr Hs
    High School:
    Shelton High
    School District:
    Shelton
    Property Description
    Contractors,Investors,&/or Owner occupants.Great investment opportunity w/instant rental income to help pay the mortgage.Conveniently located in Shelton.Currently,there are 3 duplexes on this property which are fully rented.Seller has done preliminary feasibility study which shows 2 more duplexes can be built which would total 5 duplexes on this property.The adjacent vacant Lot 12,included,has the possibility of building 3.5 duplexes.Water,power,&sewer are in the street & available.A Must See!
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Wood Foundation Poured Concrete Garage Spaces 6 Lot Details Corner LotDead End StreetPaved Street Roof Composition Stories In Building 1 Style 55 - 5-Plex Total Parking Spaces 18 Uncovered Spaces 12

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 784 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 784 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 784 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 784 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 784 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 784 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 3.86 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification CommercialMulti-FamilyResidential Gross Adjusted Income 61800 Gross Rent Multiplier 19 Gross Scheduled Income 61800 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3208 Leased Items None Net Operating Income 46315 New Construction YN No Other Expenses 4944 Possession Sub. Tenant's Rights Power Company Pud#3 Right Of First Refusal No Septic Approved For Number Of Bedrooms 12 Sewer Septic Sewer Company Septic Site Features Cable TVFenced-PartiallyHigh Speed InternetPatioRV Parking Tax Amount 7333 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 15485 Total Expenses TEX 15485 Total Monthly Income 5150 Unit1 Monthly Rent 800 Unit2 Monthly Rent 800 Unit3 Monthly Rent 900 Unit4 Monthly Rent 900 Unit5 Monthly Rent 875 Unit6 Monthly Rent 875 Vacancy Rate 0 Water Company Pud#1 Water Sewer Garbage 0 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 Costello Team | Windermere Real Estate 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 Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-06-02T12:14:41.713.

     
    Costello Team | Windermere Real Estate
    100 116th Ave SE
    Bellevue WA, 98004
    Listing Courtesy of Coldwell Banker Bain.