214 Mashell Avenue S (Status: Available) 1500000

214, Mashell Ave, 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 level units each offer a balcony overlooking Mt Rainier & can be accessed via living rm & primary 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.

Listing Details

Asset Class: Multi-Family
Year Built: 1982
Building Total Square Feet: 7978
Available Lease Space Square Feet: 7978
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: C-1

Listing Courtesy of: Windermere Professional Partne

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.