215 Turner Ave - Apartments FOR SALE
Shelton, WA 98584 |
$2,850,000 USD
253-677-1105
215 Turner Ave
Shelton, WA 98584
HIGHLIGHTS
- $250,000 in capital improvements over the past two years. The next owner inherits a maintained, de-risked asset.
- The LURA restriction lifts in approximately 8 years, at which point all 21 units become eligible for unrestricted market-rate rents.
- Zero new units in pipeline. Shelton's multifamily development pipeline is empty.
- 21-units which consists of large 2, 3, and 4 bedroom units - the exact product type most undersupplied in Shelton's workforce housing market.
FOR SALE DETAILS
PRICE
$2,850,000 USD
PRICE/SF
$118 USD /SF
# OF UNITS
21
PRICE/UNIT
$135,714
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kneeland Park Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1997
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
-
APN/PARCEL ID
32019-41-00140
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253-677-1105
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253-677-1105
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