Bought with Northmarq Commercial, LLC
$5,900,000
$6,250,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
24,000 SqFt
SOLD DATE : 05/17/2024
Key Details
Sold Price $5,900,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 24,000 sqft
Price per Sqft $245
Subdivision South Of Port Townsend
MLS Listing ID 2173044
Sold Date 05/17/24
Style 56 - 10+ Units
Year Built 1997
Annual Tax Amount $27,959
Lot Size 4.250 Acres
Property Sub-Type Multi-Family
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.
Location
State WA
County Jefferson
Area 482 - South Port Townsend
Interior
Interior Features Laminate Hardwood, Wall to Wall Carpet
Flooring Laminate, Vinyl, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Open Space, Paved
Sewer Septic Tank
New Construction No
Schools
School District Port Townsend #50
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Rehab Loan
Listing Terms Cash Out, Conventional, Rehab Loan
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733 7th Ave Suite 211, Kirkland, WA, 98033, United States