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 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 a balcony overlooking Mt Rainier & can be accessed via living rm & bdrm. Large parking lot & 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.
- Property TypeCommercial
- NeighborhoodEatonville
- CountyPierce
- Taxes$12,304
- HOA/Condo/Coop Fees$0
- Days on Site49 Days
- MLS StatusPending
- MLS ID Number2209982
- Home Size Source N/A
- Year Built1982
- Lot Size0.8058 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 15
- Acreage 0.8058
- Water Public
- Foundation Slab
- Sewer Sewer Connected
- Parking Total 15
Interior Features
- Cooling None
- Heating Baseboard
- Flooring Ceramic TileVinyl PlankCarpet
- Interior Ceramic TileWall to Wall Carpet
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof Composition
- Exterior Wood
Community Features
- Association Dues 0
- Senior Community No
- MLS Area 124 - Eatonville