Bought with KW Realty Portland Central
$1,400,000
$1,450,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
10,546 SqFt
SOLD DATE : 08/16/2022
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,546 sqft
Price per Sqft $132
Subdivision Port Angeles
MLS Listing ID 1906105
Sold Date 08/16/22
Style 56 - 10+ Units
Year Built 1970
Annual Tax Amount $5,077
Lot Size 6,992 Sqft
Lot Dimensions 6692
Property Description
Back on market. Check out this 7.9 cap 12 unit apartment building in Central Port Angeles. Amazing Value add with cash flow potential and room to improve and raise rents. Improvements recently done to include: Newer TPO roof, new permitted electrical services and breaker panels, 3 renovated apartments, Remaining apartments light refresh done during turns. Update the other 9 units to realize higher markets rents. Port Angeles currently has a shortage for rentals. Too much potential to pass up.The building includes 12 units, 4 separate storage units, 2 garages and a coin-operated laundry.
Location
State WA
County Clallam
Area 921 - Central East Port Angeles
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, High Speed Internet
View Y/N No
Roof Type Flat,Torch Down
Building
Lot Description Alley, Curbs, Paved
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Port Angeles
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Broker | License ID: 21026884