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1844 NE Poulsbo Avenue

Keyport, WA 98345
  • $1,650,000
  • STATUS: Active
  • ON SITE: 138 Days
  • MLS #: 1808817
UPDATED: 45 min ago
$1,650,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1984
County:

School Ratings & Info

Listing Courtesy of Urban Commercial Partners, Llc.

Description

Investor Alert! Opportunity to acquire a well preforming commercial office building with upside potential. Situated in Central Kitsap County, the town of Keyport is strategically positioned in the heart of the largest cluster of US Naval Bases in the Pacific NW. Being one of the few buildings located within a 15-minute response time to both Bangor and Keyport Bases - civilian contractors servicing the Navy have occupied the premises consistently since it opened for business in 1984. Currently operating at a 6.3% cap rate with room to increase rental income. Plans have been initiated to convert the building to 14 multi-family units to meet the increasing demand for residential apartments in the region.

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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 are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-12-01T07:14:55.63.

www.brantleychristianson.com/homes/119362764
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1844 NE Poulsbo Avenue Keyport, WA 98345

  • Price: $1,650,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 45 min ago
  • MLS #: 1808817
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1984
Built
Neighborhood:
Keyport
County:
Kitsap
Area:
Vinland / Finn Hill
Property Description
Investor Alert! Opportunity to acquire a well preforming commercial office building with upside potential. Situated in Central Kitsap County, the town of Keyport is strategically positioned in the heart of the largest cluster of US Naval Bases in the Pacific NW. Being one of the few buildings located within a 15-minute response time to both Bangor and Keyport Bases - civilian contractors servicing the Navy have occupied the premises consistently since it opened for business in 1984. Currently operating at a 6.3% cap rate with room to increase rental income. Plans have been initiated to convert the building to 14 multi-family units to meet the increasing demand for residential apartments in the region.
Exterior Features

Carport YN No Exterior Features Wood Lot Size Dimensions 110 X 160 Open Parking YN No Parking Total 0 Roof Torch Down Structure Type Office Style Code 73 - Office Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Flooring Ceramic TileConcreteCarpet Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Ceramic TileConcrete Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No 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 106440 Possession Tenant's Rights Possible Use CommercialMulti-FamilyOfficeSee Remarks Power Company Puget Sound Energy Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company Kitsap County Public Works Special Listing Conditions None Tax Annual Amount 19830 Tax Year 2021 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Company Kitsap Pud Water Source Community Zoning Class CommercialMulti-FamilyOfficeSee Remarks Zoning Jurisdiction County

Listing information © 2021 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 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 are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-12-01T07:14:55.63.

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