Listed by Keller Williams Downtown Sea, Bought with Keller Williams-Premier Prtnrs
NOT LISTED FOR SALE

411 411 1/2 W Grove St Unit 1-16 Shelton, WA 98584

-- Bed
-- Bath
12,182 Sq Ft
1.73 Acres

Last Sold July 16, 2020

Last sale price $1,000,000 $82 Per Sq Ft

9 Days on Market

Highlights

  • River Access
  • RV Access or Parking
  • Deck
  • Home fronts a creek
  • River View
  • 3-minute walk to Shelton Public Works

About This Home

As of July 2020

INVESTOR ALERT~ 7.7% CAP RATE~DOWNTOWN SHELTON 16 UNIT COMPLEX~TRAILER PARK. Property Consists of a 6 Unit Apartment Building with Covered Parking, Many Updates Over the Years, Siding, Electrical, Vinyl Windows, Roof. Cute 2 Bed 2 Bath Single Family Home & Garage, Great for Owner Occupant or Manager. 9 Trailer Pads & Carports, 7 Trailers & 2 Modular Included in the Sale. Units Well Maintained & Property Shows Like a Creekside Park Setting. Rents Below Market, 14 Long Term Tenants Month to Month.

Last Agent to Sell the Property

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068 Listed on: 05/18/2020

Keller Williams Downtown Sea

Last Buyer's Agent

Jeff Wunder

Keller Williams-Premier Prtnrs License #104052

Keller Williams-Premier Prtnrs

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1599366

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,135

Year Built

  • Built in 1968

Lot Details

  • 1.73 Acre Lot
  • Lot Dimensions are 415x131x83x87x412x185x56
  • Home fronts a creek
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Metal Roof
  • Cement Board or Planked
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 12,182 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • River Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 26 Parking Spaces
  • 1 Covered Space
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • River Access
  • Deck
  • Patio

Schools

  • Evergreen Elementary School
  • Olympic Mid Middle School
  • Shelton High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • The Goldsborough Condos
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 320191300030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,135

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: The Goldsborough
  • New Construction: No
  • CalculatedSquareFootage: 12182
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood, Laminate Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,See Remarks,Thermal Windows

Exterior Features

  • Roof: Composition, Flat, Metal
  • View: River, See Remarks
  • Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront Features: Creek, River Access
  • Waterfront: Yes
  • Exterior Features: Cement Planked, Metal/Vinyl, Wood Products
  • Foundation Details: Poured Concrete, See Remarks, Slab
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 15
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 26
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PUD # 3
  • SewerCompany: City of Shelton
  • WaterCompany: City of Shelton
  • WaterSewerGarbage: 24211

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Shelton
  • High School: Shelton High
  • Middle Or Junior School: Olympic Mid

Lot Info

  • Parcel Number: 320191300030
  • Lot Size Acres: 1.73
  • Lot Size: 415x131x83x87x412x185x56
  • Lot Size Sq Ft: 75359
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 11915

Multi Family

  • Gross Scheduled Income: 142980
  • Net Operating Income: 93232
  • Number Of Units Total: 16
  • Electric Expense: 1402
  • Insurance Expense: 7000
  • Leasable Area: 12182
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2018
  • Tax Annual Amount: 7135

MLS Schools

  • Elementary School: Evergreen Elem

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Sold $1,000,000 -17.9% $82 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $1,217,800 -- $100 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1599366

Northwest Multiple Listing Service (NWMLS)