214 Mashell Avenue S Eatonville, WA $ 1,500,000
214 Mashell Avenue S
$ 1,500,000
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214 Mashell Avenue S

Eatonville, WA, 98328
$ 1,500,000
Baths0.0

Monthly Estimate*

$ 9,969

Listed by Windermere Professional Prtnrs
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Studio

Commercial Property for sale in Eatonville, WA

for $1,500,000. This building was built in 1982 on a lot size of 0.8058.

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.

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Commercial Pending

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,304

Style

Comm Bldg Und 10K

Lot Size

0.8058

Year Built

1982

Town/City

Eatonville

County/Region

Pierce

MLS | Web ID

2209982

Features
General
Interior Features Ceramic Tile Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1982
Topography Level Sloped
Property SubType Commercial Industrial
Tax Year 2023
County Pierce
Net Operating Income 144630
Insurance Expense 9532
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Eatonville
Possible Use Commercial
Special Listing Conditions None
Status Pending BU Requested
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.
City Eatonville
Buyer Agent Compensation 2.5
Senior Community Y/N N
Total Units 3
MLS Area 124 - Eatonville
Lot Size Square Feet 35100
Carport Y/N N
Street Name Mashell
Listing Terms Cash Out Conventional Owner Financing
Tax Annual Amount 12304
Electric Expense 653
Fuel Expense 0
Property Condition Good
Public Remarks 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.
Virtual Tour https://youtu.be/f9Zvy-klj_s?si=fJKG9HsLA9lQ4ODu
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Pending
Water Company Town of Eatonville
Total Actual Rent 14894
Zoning Class Commercial
Water Sewer Garbage 10348
Property Style 60 - Comm Bldg Und 10K
Cap Rate 9.64
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Interior
Flooring Ceramic Tile Vinyl Plank Carpet
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 15
Foundation Details Slab
Building Area Total 0
Lot Size Acres 0.8058
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Parking Uncovered Total 15
Lot Number 7
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Internal Only
OriginalMLSID NWM2209982
Street Number 1 214
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* Excluded Features
List By
Drew Staudt

Listing Agent

Windermere Professional Prtnrs

Broker

Affordability Calculator

$10,995
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,969
Monthly Property Taxes
$1,025
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2024$1,500,000 Listed Price

Map


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214 Mashell Avenue S, Eatonville, WA, 98328 is a Commercial Property for sale at $1,500,000 with a lot size of 0.8058. 214 Mashell Avenue S is a studio with 0.0 baths and was built in 1982. The property's zip code is 98328 which is in Eatonville, WA