214 Mashell Avenue S Eatonville, WA 98328

Property Photo: 214 Mashell Avenue S WA 98328

Listing Courtesy of:

Northwest MLS / Windermere Professional Partners / Drew Staudt and Skyline Properties, Inc.

214 Mashell Avenue S Eatonville, WA 98328

Sold (49 Days)

$1,415,000

7,978

SQFT

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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, Mountain(s), Territorial

School District
Eatonville

County
Pierce County

Community
Eatonville

Listed By

Drew Staudt, Windermere Professional Partners

Bought with
Ben Sorochuk, Skyline Properties, Inc.

Source
Northwest MLS as distributed by MLS Grid
Last checked Jan 4 2025 at 10:17 PM PST

Bathroom Details

Interior Features

Ceramic Tile
Wall to Wall Carpet

Subdivision

Eatonville

Lot Information

Paved

Property Features

Deck
Fireplace: 0
Foundation: Slab

Heating and Cooling

Baseboard

Flooring

Ceramic Tile
Vinyl Plank
Carpet

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 Compensation: 2.5

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Disclaimer: Based on information submitted to the MLS GRID as of 1/4/25 14:17. 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.

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Broker does not guarantee the accuracy of room dimensions, square footage, lot size, or other information regarding the condition or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to verify that information through personal inspection with the appropriate professionals. Equal Housing Opportunity.

The information set forth on this site is based upon the information which we consider reliable, but because it has been supplied by third parties we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, concluding price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Drew Staudt of Windermere Professional Partners. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect, or civil engineer, to determine such information.