215 Turner Ave
Shelton, WA 98584

$2,850,000 USD

Apartments For Sale • 24,125 SF

Property Details

Property Type Apartments
Total Building Size 24,125 SF
Lot Size 0.88 AC
Building Class C
Year Built 1997

30 Transit Score

40 Walk Score

                
                    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.