2938 2934 E Walnut Street , Port Angeles, WA 98362

WA, Port Angeles
$2,150,000
  • 11,320 Sqft
  • Residential Income Property Type
  • 1972 Year Built
  • Closed Status
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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2051037
  • Price: $2,150,000
  • Square Footage: 11,320 Sqft
  • Year Built: 1972
  • Lot Area: 0.82 Acre
  • Status: Closed
  • Office Name: Better Properties NW
  • Agent Name: Andre Scott
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Wall Unit(s)
  • Cooling System None
  • Carport Spaces: 6
  • Exterior Features Wood, Wood Products
  • Flooring Carpet, Vinyl
  • Interior Features Wall to Wall Carpet
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Clallam
  • City Port Angeles
  • Zipcode 98362
  • Street: Walnut
  • Street Number: 2938 2934
  • Street Suffix: Street
  • Longitude: W124° 37' 34.3''
  • Latitude: N48° 6' 19.8''
  • Directions: Highway 101, North on Larch, Left on Walnut to address on left.
  • Mls Area Major: 920 - Northeast Port Angeles
  • Street Dir Prefix: E
Neighborhood
  • Elementary School: Buyer To Verify
  • High School: Port Angeles High
  • High School District: Port Angeles
  • Middle School: Stevens Mid
Additional Information
  • Lot Size Dimensions: 35683
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2023-03-31
  • Number Of Units Total: 14
  • Lot Features: Dead End Street, Paved, Secluded, Value In Land
  • Foundation Details: Poured Concrete, Post & Pillar
Financial
  • Tax Annual Amount: 7438
Listing Information
  • List Agent Mls Id: 92256
  • List Office Mls Id: 299
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:46:48Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2023-10-26T22:28:58Z
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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