214 Mashell Avenue S, Eatonville WA, 98328
(Pending)
$1,500,000
|
7,978 sqft
|
MLS# 2208004
Last Updated: 5/16/2024 3:44 AM
Description for
214 Mashell Avenue S
Eatonville, WA 98328
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
Price
$1,500,000
Eatonville
Pierce
7,978 (approx)
2208004
Pending
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
Listing Information
| Property Type: Multi-Family, 3+ Story | ||
| 0.81 Acres | 7,978 (approx) | 1982 |
| 3 | Wood | Commercial |
Eatonville
Slab
Public
Sewer Connected
Neighborhood
School Information
| District: Eatonville | ||
| Eatonville Elem | Eatonville Mid | Eatonville High |
Room Information
Interior Features
Ceramic Tile, Carpet
None
Electric Heating,
Baseboard
Ceramic Tile,Wall to Wall Carpet
Exterior / Lot Features
15 Parking Spaces,
Wood
Deck
Composition
City, Mountain, Other
Paved
Driving Directions
From Center Street: Turn South on Mashell Avenue. Property on left-hand side after Larson Street East & before Oak Street East. Big building; can't miss it.
Financial Considerations
| 360500-262-6 |
| $12,304 |
Conventional
Listing Price History
Eatonville Real Estate
Eatonville is located in Washington. Eatonville, Washington 98328 has a population of 2,817.
The median household income in Eatonville, Washington 98328 is $77,160. The median household income for the surrounding county is $76,047 compared to the national median of $66,222. The median age of people living in Eatonville 98328 is 39 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 5/1/2024 | Pending | $1,500,000 USD |
|
| 3/13/2024 | Active | $1,500,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2024 | $12,304 USD | 2.17% | $1,360,000 USD | - |
| 2023 | $12,043 USD | 2.22% | $1,360,000 USD | 14.99% |
| 2022 | $11,782 USD | -6.31% | $1,182,700 USD | 4.09% |
| 2021 | $12,575 USD | -0.91% | $1,136,200 USD | - |
| 2020 | $12,691 USD | 22.71% | $1,136,200 USD | -0.07% |