202 - 206 Carter St
Eatonville WA 98328

Village Glen Apartments

202 - 206 Carter St Eatonville WA 98328

Listing #: 642229 | Status: Pending | Last Modified: 11/1/2021 |

For Sale
Jonathan Harper
  • Phone:(253) 651-7500
  • Email:jonathanharper@kw.com
  • Office Name:Keller Williams Commercial
  • Office Phone:(253) 840-5574
  • Office Website:
Showing Instructions
  • Call Listing AgentYes
  • Use DiscretionYes

Call listing agent to schedule showing.

206 Carter
Price Information
  • Listing Price$ 2,000,000.0
  • $/SF$ 148.5
  • $/Unit$ 142,857.1
  • Listing StatusPending
  • Days on Market1209
  • Asset ClassMulti-Family
  • Search TagsApodments, Townhomes, Low Rise
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income190,800
  • Vacancy Factor %5.00%
  • Operating Expenses66,023
  • Net Operating Income115,237
  • CAP Rate 1.23 %
  • GRM10.48
Detail Listing Information
  • Min Total SF815
  • Max Total SF1150
  • Lease Rate Low$ 12.8
  • Lease Rate High$ 15.5
  • Heat SourceBaseboard
  • TopographyLevel
  • Total Units14
Utilities
  • Sanitary SewerYes
  • WaterYes
  • ElectricityYes
  • Storm SewerYes
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Industrial Asset Class Info
  • Dock High Doors
  • Semi-Dock Doors
  • Grade Level Door Count
  • Crane Count
Multi-Family Asset Class General Information
  • Num of Units w/Patios0
  • Num of Units w/Fireplaces0
  • Common LaundryYes
  • Num Dishwashers14
Annual Expense Information
  • Expense Year
  • Real Estate Taxes $ 19,158
  • +Personal Prop Taxes$ 0
  • +Account/Legal$ 0
  • +Advertising$ 0
  • +Insurance$ 4,303
  • +Electricity$ 0
  • +Water/Sewer$ 11,732
  • +Trash$ 0
  • +Prof. Mgr$ 0
  • +Res. Mgr $ 0
  • +Maintenance$ 0
  • +Supplies $ 0
  • +Other Expenses $ 30,830
  • =Total Exp.$ 66,023
  • Reserves$ 0
Annual Operating Information
  • Gross Sch Rents$ 190,800.0
  • Vacancy $$ 00.0
  • Vacancy %5.00%
  • +Laundry Income0.ToString(formatLongDollar))
  • +Advertising0.ToString(formatLongDollar))
  • +Parking Income0.ToString(formatLongDollar))
  • +Other Income0.ToString(formatLongDollar))
  • =Effective Gross181260.ToString(formatLongDollar))
  • -Total Expenses66023.ToString(formatLongDollar))
  • =NOI115237.ToString(formatLongDollar))
Financial Summary
  • CAP Rate 1.23 %
  • GRM$ 10.5
  • $/SF/YR$ 00.0
  • $/Unit$ 142,857.1
  • Expense/Unit$ 4,715.9
Asset Class Information
  • # Units14
  • Beds/Baths2Bed/1Bath
  • Avg SqFT958
Building Information
  • Building StatusExisting
  • # of Buildings3
  • # of Floors2
  • # of Units14
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF13464
  • Net Rentable Area13464
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF94398
  • Acres2.17
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyPierce
  • Vicinity
  • Location Description
  • Second Address
  • Cross StreetMeridian
  • Market AreaSE Pierce County
  • Tax ID #0416144069
  • Additional Parcels
  • Zoning
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces0
  • Total Parking Spots0
  • Parking Ratio
Construction
  • Year Built1997
  • Year Renovated
  • Completion Date
  • Roof TypeComp
  • Construction TypeWood

Public Comments

14 unit income producing property! Located in the heart of downtown Eatonville, the Village Glen Apartments are made up of (2) 4-plex buildings and 6 townhouse style apartments, all 2 bedroom/1 bath. 36 parking spaces, coin operated laundry (each building has their own) and security cameras throughout the property. Tenant pays electric, Landlord pays water & sewer. All new siding, new roof on 3rd building in 2018, as well as many other newer replacements throughout this well maintained property. The Village Glen Apartments are ideally located in the middle of town, directly between Eatonville's elementary and middle school. The town boasts a wide assortment of local shops, restaurants, and services and is one of the pass through towns on your way to Mt Rainier.

Public Building Comments

Village Glen Apartments consists of two 4 plexes and 6 town home style apartments with 3 parking spaces per unit on .73 of an acre in downtown Eatonville. Each building has its own coin-op laundry. This property has been maintained and updated with great

Listing Images