214 Mashell Avenue S Eatonville, WA 98328
Listing Courtesy of: Northwest MLS / Windermere Professional Partners / Drew Staudt

  214 Mashell Avenue S Eatonville, WA 98328

Active (30 Days)
$1,500,000

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, Territorial, Mountain(s)
School District
Eatonville
County
Pierce County
Community
Eatonville

Listed By

Drew Staudt, Windermere Professional Partners
Source
Northwest MLS as distributed by MLS Grid
Last checked Apr 13 2024 at 2:38 AM PDT
Bathroom Details
Interior Features
  • Wall to Wall Carpet
  • Ceramic Tile
Subdivision
  • Eatonville
Lot Information
  • Paved
Property Features
  • Deck
  • Foundation: Slab
Flooring
  • Carpet
  • Vinyl Plank
  • Ceramic Tile
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 Commission: 2.5
Location
   
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Estimated Monthly Mortgage Payment

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Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2024 4/12/24 19:38. 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.