Bought with ZNonMember-Office-MLS
$2,050,000
$2,150,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
2938 2934 E Walnut ST Port Angeles, WA 98362
11,320 SqFt
Key Details
Sold Price $2,050,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,320 sqft
Price per Sqft $181
Subdivision Northeast Port Angeles
MLS Listing ID 2051037
Sold Date 10/26/23
Style 56 - 10+ Units
Year Built 1972
Annual Tax Amount $7,438
Lot Size 0.819 Acres
Lot Dimensions 35683
Property Description
Rare 14-unit complex in Port Angeles. Extremely low vacancy rate in port Angeles makes this property a prime investment opportunity! This property consists of two 6-unit buildings, one house, and one mobile. Sits at a 7.6 cap and is below market rents can easily be pushed to an 8-cap property! Over 200k spend hooking up all 4 structures to sewer, 3 new sewer connections with an increased size connection of the sewer to the manufactured home to allow for a 4 plex. The house has recently been remodeled with new windows, new paint, new kitchen cabinets and counters, flooring. 7 units have been updated and the remaining 5 were lightly refreshed. The vacancy rate is very low and these units are hardly ever empty. Onsite coin op laundry.
Location
State WA
County Clallam
Area 920 - Northeast Port Angeles
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Paved, Secluded, Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Stevens Mid
High Schools Port Angeles High
School District Port Angeles
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157