1532 W Sims WayPort Townsend, WA98368

$1,750,000
$9,931 annual income
0.62 acres
422 days on market

VestorFilter™

Price per acre$2.82M/ac
Time on market19847 days

Property Description

The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer & electric is in the rear lot.

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Financial Data

Original Price$2,150,000
Current Price$1,750,000
Property Taxes$9,197

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Home Facts

StatusActive
Year Built1948
Exterior Features
MLS IDNWM2043498