Listing courtesy of Westlake Associates, Inc.
Property Description

The property is a 33 unit Value Add Opportunity located in Shelton, Washington. The apartments are priced well below replacement cost in a market that is running above 98% occupancy. In place 6.24% cap rate, with attractive debt options starting in the low/mid 3% range. Exterior paint and landscaping provide for value add opportunity. Ability to remodel units and push rents. Charming apartment community in downtown Shelton location with long term stable tenant base.

Address Map
US
WA
Bellingham
Shelton
98584
Pine
711
Street
0
E0° 0' 0''
N0° 0' 0''
Additional Listing Information
Westlake Associates, Inc.
Tyler D. Smith
Active
NWM43618
26,290 Sqft
NWM7019

Residential Income For Sale

711 Pine Street, Shelton, Washington 98584

0 Bedrooms
0 Bathrooms
$2,595,000
NWMLS # #NWM1694576
Basic Details
Property Type : Residential Income
Listing Type : For Sale
NWMLS # : NWM1694576
Price : $2,595,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1935
Agent info
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