Description
Rare and unique investment opportunity in the community of Keyport, located in Kitsap County near Poulsbo. The property currently operates as a commercial office building with 2 tenants, both civilian contractors servicing the Navy bases in the region. Offering a 7.1% cap rate on current financials and potential to increase income with minimal maintenance or oversight required. Attractive alternative to multi-family asset class. For future added value, the building can be converted to apartments. Ideal 1031 exchange replacement property or for any investor looking for value/add opportunities in an emerging and desirable market.
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0BEDS
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0.4ACRES
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0BATHS
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01/2 BATHS
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9,632SQFT
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$156$/SQFT
Listing Courtesy of Urban Commercial Partners, Llc.Description
Rare and unique investment opportunity in the community of Keyport, located in Kitsap County near Poulsbo. The property currently operates as a commercial office building with 2 tenants, both civilian contractors servicing the Navy bases in the region. Offering a 7.1% cap rate on current financials and potential to increase income with minimal maintenance or oversight required. Attractive alternative to multi-family asset class. For future added value, the building can be converted to apartments. Ideal 1031 exchange replacement property or for any investor looking for value/add opportunities in an emerging and desirable market.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-05-22T21:15:31.13.