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527 E First Street

Port Angeles, WA 98362
  • $1,450,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 1906105
Price Reduced
UPDATED: 83 min ago
$1,450,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,546
    SQFT
  • $137
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Better Properties Nw.

Description

Back on market. Buyer and seller to far apart on inspection credits. 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.

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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 2022-05-24T16:16:40.543.

www.brantleychristianson.com/homes/127022427
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527 E First Street Port Angeles, WA 98362

  • Price: $1,450,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 83 min ago
  • MLS #: 1906105
0
Beds
0
Baths
0
½ Baths
0.16
Acres
10,546
SQFT
$137
$/SQFT
1970
Built
Neighborhood:
Port Angeles
County:
Clallam
Area:
Central East Port Angeles
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Port Angeles
Property Description
Back on market. Buyer and seller to far apart on inspection credits. 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.
Exterior Features

Carport Spaces 0 Carport YN No Construction Methods Standard Frame Covered Spaces 3 Exterior Features Wood Lot Features AlleyCurbsPaved Lot Size Dimensions 6692 Open Parking Spaces 0 Open Parking YN No Parking Total 3 Parking Uncovered Spaces 0 Roof FlatTorch Down Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 10546 Fireplace YN No Flooring VinylCarpet Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes Interior Features Wall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundryStorage Energy Source Electric FIRPTAYN Yes First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 114764 New Construction YN No Possession Closing Power Company City Power Production Type Electric Property Condition Restored Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City Site Features Cable TvHigh Speed Internet Special Listing Conditions None Tax Annual Amount 5077 Tax Year 2021 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Company City Year Built Effective 1970 Zoning Jurisdiction City

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 2022-05-24T16:16:40.543.

 
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Brantley Christianson Real Estate LLC
2005 SE 192nd Ave
Camas WA, 98607
Listing Courtesy of Better Properties Nw.