404 N 13th Street, Shelton, WA 98584

$280,295
1,200
SqFt

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Listing courtesy of Richard Beckman Rlty Group LLC. Selling Office: Richard Beckman Rlty Group LLC.

Sold Price
$280,295
List Price
$270,000
Status
SOLD
MLS#
2155949
Closing Date
Oct 10, 2023
Days on Market
6
Style
52 - Duplex
Building Condition
Average
Finished SqFt
1,200
Area Total SqFt
1200
Annual Tax Ammount
1456
Lot Size (sq ft)
8,276
Sewer
Sewer Connected

Property Description

Duplex opportunity - Ideal Property for an investor, perfectly situated in the Mt View community! This duplex offers a great rental investment. Located near the hospital, shopping, schools & all town amenities. Rental is fully occupied with lease extensions into 2024! More than enough rental income to cover the mortgage. Make this your investment opportunity!

Additional Information

List Date
2023-10-04 00:00:00
Community
Shelton
Net Operating Income
$22,244
Gross Adjusted Income
$27,300
Gross Scheduled Income
$27,300
Total Monthly Income
$2,225
Insurance Expenses
$615
Gross Rent Multiplier
9.8
Total Expenses
$5,071
Cap Rate
7.4
Total Number of Units
2
Unit Name
404
Potential Terms
Cash Out, Conventional, Lease Purchase, VA Loan
Year Built
1949
View
Territorial
Roof
Composition
Other Expenses
3000
Energy Source
Electric
School District
Shelton
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$2,225
Gross Scheduled Income
$27,300
Gross Adjusted Income
$27,300
Tax Year
2023
Insurance Expense
$615
Total Expenses
$5,071
Net Operating Income
$22,244
Gross Rent Multiplier
9.8
Cap Rate
7.4
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.
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