114 W Cedar St | Shelton, WA 98584
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This Multifamily Property is no longer advertised on LoopNet.com.
114 W Cedar St
Shelton, WA 98584
Gateway Apartments · Multifamily Property For Sale
·
11 Units

INVESTMENT HIGHLIGHTS
- 8.02% cap rate and 10.61% Cash-on-Cash return with additional value-add opportunity
- Opportunity to Upgrade Select Interior Finishes For 14%+ Premium Over in Place Rents
- $435,000 spent renovating Plumbing, Electrical, Roof, Siding, Windows and Interiors
PROPERTY FACTS
| No. Units | 11 | Building Size | 6,098 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1975/2019 |
| Building Class | C | Parking Ratio | 1.8/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | 13-Residential Multiunits | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 6,098 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2019 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | 13-Residential Multiunits |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Heating
- Kitchen
- Granite Countertops
- Oven
- Tub/Shower
- Carpet
- Double Pane Windows
- Freezer
- Lawn
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $1,033 | 359 |
| 1+1 | 6 | $1,152 | 546 |
| 2+1 | 1 | $1,300 | 775 |
LINKS
PROPERTY TAXES
| Parcel Numbers |
Multiple
|
Improvements Assessment | $632,670 |
| Land Assessment | $93,530 | Total Assessment | $726,200 |
PROPERTY TAXES
Parcel Numbers
Multiple
- 32019-50-02008
- 32019-50-02007
Land Assessment
$93,530
Improvements Assessment
$632,670
Total Assessment
$726,200
Listing ID: 30671813
Date on Market: 1/16/2024
Last Updated:
Address: 114 W Cedar St, Shelton, WA 98584
The Multifamily Property at 114 W Cedar St, Shelton, WA 98584 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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