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1844 NE Poulsbo Avenue

Keyport, WA 98345
  • $1,500,000
  • STATUS: Pending
  • ON SITE: 310 Days
  • MLS #: 1808866
Under Contract
UPDATED: 29 min ago
$1,500,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,632
    SQFT
  • $156
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

School District:
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.

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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.

www.brantleychristianson.com/homes/119362745
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1844 NE Poulsbo Avenue Keyport, WA 98345

  • Price: $1,500,000
  • Status: Pending
  • On Site: 310 Days
  • Updated: 29 min ago
  • MLS #: 1808866
0
Beds
0
Baths
0
½ Baths
0.4
Acres
9,632
SQFT
$156
$/SQFT
1984
Built
Neighborhood:
Keyport
County:
Kitsap
Area:
Vinland / Finn Hill
School District:
North Kitsap #400
Property 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.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features Corner Lot Lot Size Dimensions 110 X 160 Open Parking Spaces 30 Open Parking YN Yes Parking Total 30 Parking Uncovered Spaces 30 Roof Torch Down Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 9632 Fireplace YN No Flooring Ceramic TileConcreteCarpet Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Forced AirCeramic TileConcreteWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal Yes Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventionalRehab LoanSee Remarks Lot Number 28-31 Net Operating Income 171121 New Construction YN No Possession ClosingTenant's Rights Possible Use CommercialMulti-FamilyOfficeSee Remarks Power Company Puget Sound Energy Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company Kitsap County Public Works Special Listing Conditions None Tax Annual Amount 19830 Tax Year 2021 Units In Building Total 14 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Company Kitsap Pud Water Source Community Year Built Effective 1984 Zoning Class CommercialMulti-FamilyOfficeSee Remarks Zoning Jurisdiction County

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Brantley Christianson Real Estate LLC and should be verified by the buyer.


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.

 
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Brantley Christianson Real Estate LLC
2005 SE 192nd Ave
Camas WA, 98607
Listing Courtesy of Urban Commercial Partners, Llc.