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$ 670,000
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$670,000
Price -
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Bed -
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SqFt
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About the Listing 2518 - 1799,118456
This property is a passive income lover's dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12 month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate over 8%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation.
Listing Highlights
Status
Active
Days on Site
305
Property Type
Commercial Sale
MLS ®
2322533
Year Built
1900
Total Square Footage
0
Lot/Acreage
0.22
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Port Orchard
Exterior Details
- Lot Description: Sound,Zoning: Business,Commercial,Residential,Retail
- Garage Capacity: N/A
- Parking Spaces: 12
- Zoning: Business,Commercial,Residential,Retail
- Roof: Composition
- Others: Wood,Fair
- Sewer: City of Port Orchard
Financial Details
- Tax Amount: $5,640
- Taxes w/Assessments: N/A
- Tax/Property ID: 40530130070004
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
821 Bay St Port Orchard, WA 98366
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