For more information on this listing, please contact...
Coldwell Banker Koetje Real Estate
360-675-5915
1-800-869-7129
Email |  YouTube
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • Misc Details
    • Form 17:
      • - Provided
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $7,517.00
    • Tax Year:
      • - 2018
  • Finance Details
    • Gross Rent Multiplier:
      • - 11
    • Vacancy Rate:
      • - 3
    • Cap Rate - Noi Div Lp:
      • - 6.54
  • 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
  • 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
  • Schools
    • Elementary:
      • - Buyer To Verify
    • Jr. High:
      • - Buyer To Verify
    • Sr. High:
      • - Buyer To Verify
  • Waterfront and Views
    • View Details:
      • - Territorial
  • Construction Details
    • Exterior:
      • - Cement / Concrete
    • Foundation:
      • - Slab
    • Roof:
      • - See Remarks
  • Lot Details
    • Project:
      • - Seabreeze Apartments
    • Features:
      • - Corner Lot
      • - Paved Street
    • Site Features:
      • - Cable Tv
      • - High Speed Internet
      • - Shop
  • Parking
    • Total # Of Parking:
      • - 40
    • # Of Uncovered Spaces:
      • - 40
  • Utilities
    • Energy Source:
      • - Electric
    • Power Company:
      • - Puget Sound Energy
    • Sewer Company:
      • - Oss
    • Water Source:
      • - Individual Well
    • Water Company:
      • - Private
  • Zoning
    • General Zoning Classification:
      • - Industrial
      • - Multi-family
    • Zoning Jurisdiction:
      • - County
Nearby Listings
1.36 Mi.

330 NE 7th Ave Ave

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 0 ft²
1.38 Mi.

690 NW Atalanta Way Building 'H'

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 3,032 ft²
2.09 Mi.

461 SE Midway Blvd

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 8,153 ft²
For more information on this listing, please contact...
Coldwell Banker Koetje Real Estate
360-675-5915
1-800-869-7129
Email |  YouTube
3780

All information deemed reliable but not guaranteed and should be verified by consumer. All properties are subject to prior sale, change or withdrawal. Listing information is provided for consumer's personal, non-commercial use and may not be used for any other purpose. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) programs of the Northwest Multiple Listing Service and/or the Olympic Multiple Listing Service.3780

Copyright Notice

Listings courtesy of the NWMLS (Northwest Multiple Listing Service).

MLS IDX by Cevado Technologies