Listing #:
- 1378029
- Price:
- $3,290,000
- Status:
- Active
- Property Type:
- Multi-Family
- Type:
- 10+ Units
- # of Units:
- 29
- # of Acres:
- 1.61
- Lot Sq.Ft.:
- 70,132
- Year Built:
- 1972
- School Dist:
- Oak Harbor
- Address:
- 3125 N Oak Harbor Rd
- Community:
- Ault Field
- City:
- Oak Harbor
- County:
- Island
- State:
- WA
- Zip:
- 98277
- Terms:
- Assumable, Cash Out, Conventional
QR Code
Description
Excellent Investment In Oak Harbor With Strong Ongoing Tenant Demand With A Track Record Of Increasing Rents And Minimal Vacancy. 4 Bldgs, 29 Units (6 2bdrm, 13 1bdrm, 10 Studio) On 1.61 Acres. Coinop Laundry. All Roofs Replaced W/commercial Grade Membrane Roofs W/transferable Warranties. New Septic System, Completely New Parking Lot. Entire Complex Nestled Off N. Oak Harbor Road - A Main Arterial Connecting Oak Harbor And Nas Whidbey Island. Pride Of Ownership Shines! Marketing Package Online.
Property Features
- Unit 1
- Rent Unit 1:
- - $565.00
- Square Feet Unit 1:
- - 600.00
- Bedrooms Unit 1:
- - 1
- Bathrooms Unit 1:
- - 1.00
- Refrigerator Unit 1:
- - Yes
- Range/oven Unit 1:
- - Yes
- Rent Unit 1:
- Unit 2
- Rent Unit 2:
- - $800.00
- Square Feet Unit 2:
- - 700.00
- Bedrooms Unit 2:
- - 2
- Bathrooms Unit 2:
- - 1.00
- Refrigerator Unit 2:
- - Yes
- Range/oven Unit 2:
- - Yes
- Description Unit 2:
- - 1
- Rent Unit 2:
- Unit 3
- Rent Unit 3:
- - $900.00
- Square Feet Unit 3:
- - 700.00
- Bedrooms Unit 3:
- - 2
- Bathrooms Unit 3:
- - 1.00
- Refrigerator Unit 3:
- - Yes
- Range/oven Unit 3:
- - Yes
- Description Unit 3:
- - 2
- Rent Unit 3:
- Unit 4
- Rent Unit 4:
- - $910.00
- Square Feet Unit 4:
- - 700.00
- Bedrooms Unit 4:
- - 2
- Bathrooms Unit 4:
- - 1.00
- Refrigerator Unit 4:
- - Yes
- Range/oven Unit 4:
- - Yes
- Description Unit 4:
- - 3
- Rent Unit 4:
- Unit 5
- Rent Unit 5:
- - $615.00
- Square Feet Unit 5:
- - 600.00
- Bedrooms Unit 5:
- - 1
- Bathrooms Unit 5:
- - 1.00
- Refrigerator Unit 5:
- - Yes
- Range/oven Unit 5:
- - Yes
- Description Unit 5:
- - 4
- Rent Unit 5:
- Unit 6
- Rent Unit 6:
- - $925.00
- Square Feet Unit 6:
- - 700.00
- Bedrooms Unit 6:
- - 2
- Bathrooms Unit 6:
- - 1.00
- Refrigerator Unit 6:
- - Yes
- Range/oven Unit 6:
- - Yes
- Description Unit 6:
- - 5
- Rent Unit 6:
- Building Details
- # Of Stories In Building:
- - 2
- Units Below Grade:
- - No
- Amenities:
- - Coin Op Laundry
- - Storage
- - Thermal Windows
- Building Condition:
- - Very Good
- Floor Covering:
- - Vinyl
- - Wall To Wall Carpet
- Heating And Cooling:
- - Baseboard
- - Wall
- # Of Stories In Building:
- Misc Details
- Form 17:
- - Provided
- Leased Items:
- - None
- Form 17:
- Tax Details
- Tax Amount:
- - $7,517.00
- Tax Year:
- - 2018
- Tax Amount:
- Finance Details
- Gross Rent Multiplier:
- - 11
- Vacancy Rate:
- - 3
- Cap Rate - Noi Div Lp:
- - 6.54
- Gross Rent Multiplier:
- Income
- Gross Adjusted Income:
- - $300,240.00
- Gross Scheduled Income:
- - $264,780.00
- Net Operating Income:
- - $195,756.00
- Total Monthly Income:
- - $25,020.00
- Gross Adjusted Income:
- Expenses
- Electrical Expenses:
- - $2,565.00
- Insurance Expenses:
- - $6,000.00
- Water / Sewer / Garbage:
- - $11,491.00
- Other Expenses:
- - $70,065.00
- Total Expenses:
- - $92,238.00
- Total Expenses:
- - $92,238.00
- Electrical Expenses:
- Schools
- Elementary:
- - Buyer To Verify
- Jr. High:
- - Buyer To Verify
- Sr. High:
- - Buyer To Verify
- Elementary:
- Waterfront and Views
- View Details:
- - Territorial
- View Details:
- Construction Details
- Exterior:
- - Cement / Concrete
- Foundation:
- - Slab
- Roof:
- - See Remarks
- Exterior:
- Lot Details
- Project:
- - Seabreeze Apartments
- Features:
- - Corner Lot
- - Paved Street
- Site Features:
- - Cable Tv
- - High Speed Internet
- - Shop
- Project:
- Parking
- Total # Of Parking:
- - 40
- # Of Uncovered Spaces:
- - 40
- Total # Of Parking:
- Utilities
- Energy Source:
- - Electric
- Power Company:
- - Puget Sound Energy
- Sewer Company:
- - Oss
- Water Source:
- - Individual Well
- Water Company:
- - Private
- Energy Source:
- Zoning
- General Zoning Classification:
- - Industrial
- - Multi-family
- Zoning Jurisdiction:
- - County
- General Zoning Classification: