Listing provided courtesy of G Anderson Group LLCNWMLSas Distributed by MLSGrid- MLS# NWM2322533
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Request Info821 Bay StPort Orchard, WA 98366
Commercial · 0.22 Acres$670,000
Pending
821 Bay St Overview
- Visits:
- 11
This property is a passive income lover's dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12 month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate over 8%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation.
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821 Bay St Facts & Features
- Type Commercial
- Lot 0.22 Acres
Details
General
Association/HOA
- Association Fee: $0.00
- Association Fee Frequency: Not Applicable
Income/Expenses
- Other Expense: 7659
- Gross Scheduled Income: 91800
- Insurance Expense: 6000
- Net Operating Income: 58311
- Total Expenses: 28899
- Water/Sewer/Garbage: 9600
Building Information
- Year Built: 1900
Location/Region
- Country: US
- County Or Parish: Kitsap
- MLS Area Major: 143 - Port Orchard
- Subdivision Name: Port Orchard
Tax Information
- Tax Annual Amount: $5,640.00
General Information
- Listing Terms: Cash
- Parcel Number: 40530130070004
- Possible Use: Business,Commercial,Residential,Retail
- Property Condition: Fair
- Property Sub Type: Commercial Industrial
- Property Type: Commercial Sale
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Approximate Building Square Feet: 4464
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Hardwood
- Foundation Details: Pillar/Post/Pier
- Heating: Yes
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric,Natural Gas
Exterior
Parking Information
- Open Parking: No
- Parking Total: 12
- Parking Uncovered Total: 12
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.22
- Lot Size Square Feet: 9583
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront Features: Sound
- Waterfront: Yes
Building Exterior/Construction
- Construction Methods: Standard Frame
- Roof: Composition
- Structure Type: Unspecified
General Information
- Carport: No
- Exterior Features: Wood
- Number Of Units Total: 0
- Sewer: Sewer Connected
821 Bay St Neighborhood
Community
98366 (Port Orchard) Demographics
38
Median Age
1,238
Population Density (per sq. mile)
33%
College Educated
$70,330
Estimated Median Income
8,850
Estimated Total Home Owners
4,988
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.821 Bay St Monthly Cost
821 Bay St Market Data
Based on the last 30 days in this zip code
$602,510
Average List Price
$300
Average Price per Square Foot
41
Properties Sold
62
Average Days on Market
143
Properties for Sale