1604 King St - Apartments FOR SALE


Shelton, WA 98584
$450,000 USD
425-242-6440
1604 King St, Shelton, WA for Sale
$450,000 USD
Apartments - FOR SALE
1/16
null | 4.76% Cap Rate

1604 King St
Shelton, WA 98584


OVERVIEW

Presenting a fully occupied 1,848 SF DUPLEX on a generous 14,810 SF lot, currently operating as transitional housing with strong potential for future conversion into market-rate rentals. This property generates an impressive $21,429 in annual NOI. This property features two 2-bed, 1-bath units, each with a comfortable living room, dining area, and spacious galley kitchen. Additional amenities include private patios, fully fenced yards, in-unit laundry, one-car garages for each unit, and ample parking for residents and guests. Conveniently located near restaurants, grocery stores, and major highways, this property offers strong rental potential and represents a solid investment opportunity for both experienced and first-time investors.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

2

PRICE/UNIT

$225,000

CAP RATE

4.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,703 SF

ZONING

-

APN/PARCEL ID

32018-57-18001

ASK ABOUT THIS PROPERTY

Lisa LeCompass WashingtonMore Info
425-242-6440

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Lisa LeCompass WashingtonMore Info
425-242-6440

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.