Listing courtesy of G Anderson Group LLC 360-373-2343
$700,000
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… Read More 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. Read Less
Listing Snapshot
Cumulative Days On Market
0
Last Updated
Property Type
Commercial Industrial
Lot Size
0.22 Acres
Year Built
1900
Property Tax
$5,640
MLS Number
2322533
Days online/new listing status Based on first download from the MLS.
30 Days Snapshot Of 98366
103
+35%
homes for sale
Snapshot
Area Map
Additional Details
Building
Built in 1900, Built in 1900 (effective), Construction Materials: Wood
Cooling
Ductless
Expenses
Insurance: $6,000, Other Expense: $7,659
Exterior Features
Wood
Floors
Hardwood
Foundation
Pillar/Post/Pier
Heating
Ductless
Home Owner's Association
Association Fee: $0, Fee Frequency: Not Applicable
Income
Gross ScheduledIncome: $91,800, Net Operating Income: $58,311
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listings last updated on .
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