403 N 3rd Street, Shelton, WA 98584
- $492,000
- 2,976
- SqFt
Listing courtesy of Keller Williams Realty PS. Selling Office: Keller Williams South Sound.
- Sold Price
- $492,000
- List Price
- $485,000
- Status
- SOLD
- MLS#
- 2075300
- Closing Date
- Jun 18, 2024
- Days on Market
- 141
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 2,976
- Area Total SqFt
- 2976
- Annual Tax Ammount
- 2283
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Zoned Commercial/Residential - Vally, current use approved. Home has 10 bedrooms currently rented as individual residences. Each unit rents for $900-1000/mo. Can also be rented as office spaces. Electrical recently updated. Hardwood floors throughout. Large kitchen w/ plenty of storage. Great corner lot location. Covered deck. Detached garage, plus carport, & adjacent storage area - possible value add opportunity w/ addition of coin laundry/storage rental. Walking distance to grocery stores, restaurants, hospital, & transit station. More profitable & less management than STR/AirBNB! Opportunity to own a piece of Shelton's history, 1901 Victorian built by Sol Simpson
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Additional Information
- List Date
- 2024-01-29 00:00:00
- Community
- Shelton
- Net Operating Income
- $88,417
- Gross Adjusted Income
- $88,417
- Gross Scheduled Income
- $97,200
- Total Monthly Income
- $9,200
- Insurance Expenses
- $1
- Water/Sewer/Garbage Expenses
- $3,500
- Gross Rent Multiplier
- 5
- Total Expenses
- $8,784
- Cap Rate
- 16
- Vacancy Rate
- 20
- Total Number of Units
- 10
- Unit Name
- 403
- Potential Terms
- Cash Out, Conventional, See Remarks
- Year Built
- 1901
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet, Outbuildings, Patio, Shop
- Electric Expenses
- 2998
- Other Expenses
- 1
- Energy Source
- Electric, Wood
- School District
- Shelton
- Total Monthly Income
- $9,200
- Gross Scheduled Income
- $97,200
- Vacancy Rate
- 20
- Gross Adjusted Income
- $88,417
- Tax Year
- 2022
- Insurance Expense
- $1
- W/S/G Expenses
- $3,500
- Total Expenses
- $8,784
- Net Operating Income
- $88,417
- Gross Rent Multiplier
- 5
- Cap Rate
- 16
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.