Menees Realty Group

54 W Pine Acres Wy, Shelton, WA 98584 (MLS # 1603475)

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Listing provided by Coldwell Banker Bain

PRICE $1,199,000
BEDS 12
BATHS 6 baths
HOME SIZE 4,704 sq ft
LOT SIZE 2.77 ac

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!

DAYS ON MARKET 9 LAST UPDATED 5/22/2020
YEAR BUILT 1996 COMMUNITY Shelton
COUNTY Mason STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Shelton
Elementary School Mtn View Elem
Jr. High School Oakland Bay Jr HS
High School Shelton High


ADDITIONAL DETAILS
ANNUAL TAXES 7333
APN 420027590013
AREA 175 - Shelton
BANK/REO OWNED N
BATHROOMS1 1.00, 1.00
BATHROOMS2 1.00, 1.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 1.00, 1.00
BATHROOMS5 1.00, 1.00
BATHROOMS6 1.00, 1.00
BEDROOMS1 2
BEDROOMS2 2
BEDROOMS3 2
BEDROOMS4 2
BEDROOMS5 2
BEDROOMS6 2
BUILDING CONDITION Good
CAP RATE (NOI / LP) 3.86
COMMISSION 3%
DISHWASHER1 Y
DISHWASHER2 Y
DISHWASHER3 Y
DISHWASHER4 Y
DISHWASHER5 Y
DISHWASHER6 Y
ELECRICAL EXPENSES 0
ENERGY SOURCE Electric
EXTERIOR Wood
FLOOR COVERING Vinyl, Wall to Wall Carpet
FORM 17 Provided
FOUNDATION Poured Concrete
GENERAL ZONING Commercial, Multi-Family, Residential
GROSS ADJUSTED INCOME 61800
GROSS RENT MULTIPLIER 19
GROSS SCHEDULED INCOME 61800
HEATING AND COOLING Wall
HEATING EXPENSES 0
HOME OWNER DUES 0
INSURANCE EXPENSES 3208
LEASED ITEMS None
LOT DETAILS Corner Lot, Dead End Street, Paved Street
NET OPERATING INCOME 46315
OFFERS Reviewed on receipt
OTHER EXPENSES 4944
POSSESION Sub. Tenant's Rights
POTENTIAL TERMS Cash Out
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
RANGE/OVEN3 Y
RANGE/OVEN4 Y
RANGE/OVEN5 Y
RANGE/OVEN6 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
REFRIGERATOR3 Y
REFRIGERATOR4 Y
REFRIGERATOR5 Y
REFRIGERATOR6 Y
ROOF Composition
SEWER Septic
SITE FEATURES Cable TV, Fenced-Partially, High Speed Internet, Patio, RV Parking
SQUARE FEET UNIT 1 784
SQUARE FEET UNIT 2 784
SQUARE FEET UNIT 3 784
SQUARE FEET UNIT 4 784
SQUARE FEET UNIT 5 784
SQUARE FEET UNIT 6 784
STYLE 55 - 5-9 Units
TAX YEAR 2019
TOTAL EXPENSES 15485
TOTAL MONTHLY INCOME 5150
TOTAL NUMBER OF PARKING SPACES 18
UNITS BELOW GRADE N
VACANCY RATE 0
WASHER/DRYER1 N
WASHER/DRYER2 N
WASHER/DRYER3 N
WASHER/DRYER4 N
WASHER/DRYER5 N
WASHER/DRYER6 N
WATER COMPANY PUD#1
WATER SOURCE Public
Listing provided by Coldwell Banker Bain

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2020 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by Menees Realty Group and should be verified by the buyer.
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