834 Bay St, Port Orchard, WA 98366

$1,000,000
10,452
SqFt

Listing courtesy of Old Towne Realty.

List Price
$1,000,000
Status
ACTIVE
MLS#
1585901
Days on Market
135
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
10,452
Lot Size (sq ft)
5,227

Property Description

Classic 1917 Brick Building located in the OPPORTUNITY ZONE area of downtown Port Orchard, a charming waterfront community located on the shores of Puget Sound. A 1 hour ferry ride, from Bremerton, across the sound to downtown Seattle or from Southworth to West Seattle. Mixed use building with Award Winning Fine Dining Restaurant & Bar and Real Estate office on main street level and 10 rooms and shared kitchen with 2 full bathrooms on the 2nd Floor. 2nd floor water & bustling street views.

Additional Information

List Date
2020-04-01 00:00:00
Community
Port Orchard
Property Type
MULT
Units
14
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1917
View
Bay, City
Exterior
Brick, Wood
Roof
Flat, Torch Down
Site Features
Deck, Gas Available, High Speed Internet
Lot Details
Curbs, Paved Street, Sidewalk
School District
South Kitsap
Elementary School
Buyer To Verify
Middle School
Marcus Whitman Jnr H
High School
So. Kitsap High
Total Monthly Income
$9,030
Gross Scheduled Income
$108,360
Vacancy Rate
2
Gross Adjusted Income
$106,193
Annual Taxes
$7,568
Tax Year
2020
Insurance Expense
$5,611
W/S/G Expenses
$12,495
Total Expenses
$41,045
Net Operating Income
$65,148
Gross Rent Multiplier
9
Cap Rate
6

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Rent
$300
Unit 2 Baths
2.00
Unit 2 Rent
$1,700
Unit 3 Rent
$900
Unit 4 Rent
$900
Unit 5 Rent
$600
Unit 6 Rent
$550
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