142 - 284 Arcadia Terrace , Port Townsend, WA 98368

WA, Port Townsend
$6,250,000
  • 24,000 Sqft
  • Residential Income Property Type
  • 1997 Year Built
  • Closed Status
Property Description

Northmarq is proud to present the Salish Gardens for sale. Renovated two bed/one bath units with garage and in unit laundry. 6.63% Cap Rate in Place. It is comprised of 12 duplex buildings, each with their own tax parcel number. The units boast a partially fenced back yard with a greenbelt backdrop, cement patio, and attached spacious garage. The freshly renovated, spacious interiors include new kitchen cabinets, quartz CT, stainless steel appliances, side by side WDs in a laundry room, flooring, doors, mill work, lighting, and more. Salish Gardens is located in an area with a stabilized vacancy rate that is below the submarket pre-pandemic average, and has seen significant rent growth along with a surge in investor interest.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2173044
  • Price: $6,250,000
  • Square Footage: 24,000 Sqft
  • Year Built: 1997
  • Lot Area: 4.25 Acre
  • Status: Closed
  • Office Name: Northmarq Commercial, LLC
  • Agent Name: Steve Fischer
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Forced Air
  • Cooling System Forced Air
  • Exterior Features Wood
  • Flooring Carpet, Vinyl Plank, Vinyl, Laminate
  • Interior Features Wall to Wall Carpet, Laminate Hardwood
  • Sewer Septic Tank
Address Map
  • Country US
  • State WA
  • County Jefferson
  • City Port Townsend
  • Zipcode 98368
  • Street: Arcadia
  • Street Number: 142 - 284
  • Street Suffix: Terrace
  • Longitude: W123° 10' 39.4''
  • Latitude: N48° 5' 46.6''
  • Directions: From S. Discovery Road, turn NW on Arcadia Rd. Continue to Arcadia Terrace.
  • Mls Area Major: 482 - South Port Townsend
Neighborhood
  • High School District: Port Townsend #50
Additional Information
  • Virtual Tour: Virtual Tour
  • Stories Total: 1
  • Possible Use: Multi-Family
  • On Market Date: 2023-10-16
  • Number Of Units Total: 24
  • Lot Features: Dead End Street, Paved, Open Space
Financial
  • Tax Annual Amount: 27959
Listing Information
  • Co List Agent Full Name: Brendan Greenheck
  • Co List Agent Mls Id: 147280
  • Co List Office Mls Id: 10040
  • Co List Office Name: Northmarq Commercial, LLC
  • List Agent Mls Id: 54887
  • List Office Mls Id: 10040
  • Listing Term: Cash Out,Conventional,Rehab Loan
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:47:50Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-05-17T22:01:16Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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