1440 SE Bethel Valley Lane, Port Orchard, WA 98366

$3,300,000

Listing courtesy of MLJackson Real Estate LLC.

List Price
$3,300,000
Status
ACTIVE
MLS#
1570475
Days on Market
129
Style
56 - 10+ Units
Building Condition
['Good']
Lot Size (sq ft)
280,090

Property Description

Turn-key Investment in Port Orchard, Units are all 3 bed, 1.5 bath including w/d hookups, attached 1 car garage, large patio and are a spacious 1,092 SF. Most of the units have been updated w/ new roofs, flooring, and appliances. The property consists of 32 units of which buyer will own 19 and have majority ownership and control over the HOA.

Additional Information

List Date
2020-02-27 00:00:00
Community
Port Orchard
Property Type
MULT
Units
19
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1975
Total Parking
57
Uncovered Parking
38
Exterior
Wood Products
Roof
Composition
Lot Details
Cul-de-sac, Open Space, Paved Street
School District
South Kitsap
Total Monthly Income
$24,003
Gross Scheduled Income
$288,030
Gross Adjusted Income
$288,030
Annual Taxes
$19,750
Tax Year
2019
Insurance Expense
$6,149
W/S/G Expenses
$7,573
Total Expenses
$122,541
Net Operating Income
$165,489
Gross Rent Multiplier
12
Cap Rate
5

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.50
Unit 1 Size
1092
Unit 1 Rent
$1,500
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