1083 Hull Ave, Port Orchard, WA 98366

$1,300,000

Listing courtesy of Old Towne Realty.

List Price
$1,300,000
Status
ACTIVE
MLS#
1600995
Days on Market
94
Lot Size (sq ft)
117,612

Property Description

OPPORTUNITY ZONE knocks! Land ready to develop 100 unit plus in the Port Orchard OZ. R2 zoned. City encouraged a site specific re-zone to R3 for a potential 100+ units. Opportunity Zone investments presents the investor/developer substantial tax benefits & deferred tax obligations. Additionally the demand for apartments in South Kitsap is very strong with low vacancy rate. CBRE Market Report for the area substantiates the need for apartments now and for 5 - 10 years. Utilities in street.

Additional Information

Community
Port Orchard
Property Type
VACL
Style
42 - Multi-Family
Zoning Classification
Multi-Family
Features
Evergreens, Lightly Treed, Partially Cleared
View
Territorial
Electricity
In Street
Gas
In Street
Water
In Street
Sewer
In Street
Annual Taxes
$1,764
Tax Year
2020
School District
South Kitsap
Elementary School
East Port Orchard El
Middle School
Cedar Heights Jh
High School
So. Kitsap High
Potential Terms
Cash Out
Lot Details
Paved Street
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