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Village Glen Apartments
202 - 206 Carter St Eatonville WA 98328
Listing #: 642229 | Status: Pending | Last Modified: 11/1/2021
| Showing Instructions | |
|---|---|
| Call Listing Agent | Yes |
| Use Discretion | Yes |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 190,800 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 66,023 |
| Net Operating Income | 115,237 |
| CAP Rate | 1.23 % |
| GRM | 10.48 |
| Detail Listing Information | |
|---|---|
| Min Total SF | 815 SF |
| Max Total SF | 1,150 SF |
| Lease Rate Low | $ 12.78 |
| Lease Rate High | $ 15.46 |
| Heat Source | Baseboard |
| Topography | Level |
| Total Units | 14 |
| Utilities | |
|---|---|
| Sanitary Sewer | Yes |
| Water | Yes |
| Electricity | Yes |
| Storm Sewer | Yes |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Multi-Family Asset Class General Information | |
|---|---|
| Num of Units w/Patios | 0 |
| Num of Units w/Fireplaces | 0 |
| Common Laundry | Yes |
| Num Dishwashers | 14 |
| Annual Expense Information | |
|---|---|
| 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 | $ 190,800.00 |
| Vacancy $ | $ 0.00 |
| Vacancy % | 5.00% |
| +Laundry Income | $ 0 |
| +Advertising | $ 0 |
| +Parking Income | $ 0 |
| +Other Income | $ 0 |
| =Effective Gross | $ 181,260 |
| -Total Expenses | $ 66,023 |
| =NOI | $ 115,237 |
| Financial Summary | |
|---|---|
| CAP Rate | 1.234 |
| GRM | $ 10.48 |
| $/SF/YR | $ 0.00 |
| $/Unit | $ 142,857.14 |
| Expense/Unit | $ 4,715.93 |
| Asset Class Information | |
|---|---|
| # Units | 14 |
| Beds/Baths | 2Bed/1Bath |
| Avg SqFT | 958 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 3 |
| # of Floors | 2 |
| # of Units | 14 |
| Total Building SF | 13,464 SF |
| Net Rentable Area | 13,464 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 94,398 SF |
| Acres | 2.17 |
| Year Built | 1997 |
| Roof Type | Comp |
| Construction Type | Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Location | |
|---|---|
| County | Pierce |
| Cross Street | Meridian |
| Market Area | SE Pierce County |
| Tax ID # | 0416144069 |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 0 |
| Total Parking Spots | 0 |
Call listing agent to schedule showing.
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.
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
Village Glen Apartments
202 - 206 Carter St Eatonville WA 98328
Listing #: 642229 | Status: Pending | Listing Date: 8/3/2021 | Last Modified: 11/1/2021 | Email Listing
For Sale
Village Glen Apartments
