17140 W Shelton-Matlock Rd $450,000

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    17140 W Shelton-Matlock Rd Matlock, WA 98560

    • 3.00 Acres
    • Commercial/Industrial
    Listing# 1396686 | Active
    Days On Market: 288 9 Views
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    Property Details

    Investment Opportunity! Cap Rate 8.68% 5 acres, 2 tax parcels, 2 businesses, and 3 residential rentals being sold together. Storage built in 2008. Prep work done for a second storage building, permit expired; possible expansion? 34 storage units always rented and has waiting list, 3 bed 2 bath mobile & 2 bed 1 bath mobile for additional rental income.

    • General Features
      • County Mason
      • Approx Building SqFt 4,500
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Business, Commercial
      • Lot Dimensions 495x300x399x307
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 50
      • Zoning Jurisdiction County
    • Building Features
      • Exterior Metal/Vinyl
      • Foundation Poured Concrete
      • Roof Metal
      • Features Storage
    • Property Features
      • Depth of Lot 307
      • Site Frontage 399
      • Expansion Area Y
      • Environment Survey N
      • Water-Sewer-Garbage 0
      • Sewer Septic
      • Sewer Company Septic
      • Energy Source Electric
      • Power Company PUD#3
      • Number of Available Pads 0
      • Pad Ready Y
      • Lot Square Footage 130,680
    • Financials
      • Vacancy Rate 1
      • Total SqFt Rented 6,800
      • Total Monthly Rent $5,000
      • Gross Rent Multiplier 12
      • Cap Rate -NOI div LP 7.76
      • Gross Scheduled Income $42,029
      • Gross Adjusted Income $41,609
      • Total Expenses $6,899
      • NOI $34,710
      • Electrical Expenses $324
      • Tax Expense $3,140
      • Heating Expense $0
      • Insurance Expense $1,895
      • Other Expenses $1,540
      • Tax Year 2018
      • Annual Assoc. Dues $0

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    Neighborhood

    98560 (Matlock) Demographics

    43Median Age
    3Population Density (per sq. mile)
    32%College Educated
    $53,750 Estimated Median Income
    73Estimated Total Home Owners
    0Estimated Total Renters
    100% / 0%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    180Total Population
    Community data courtesy of LiveBy, Inc.

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $450,000 -60.87%
    1/3/2019 4:31:00 PM New in Database Source New Value: $1,150,000

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    This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.