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1844 NE Poulsbo Avenue

Keyport, WA 98345
  • $1,650,000
  • STATUS: Pending Feasibility
  • ON SITE: 193 Days
  • ID#: 1808817
Under Contract
$1,650,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1984
County:

School Ratings & Info

Listing Courtesy of Urban Commercial Partners, Llc.

Description

Rare commercial investment opportunity in the community of Keyport, located in Kitsap County near Poulsbo. Historically operated as an office building primarily servicing Navy contractors, the building has been continuously occupied with virtually no vacancies since it opened for business in 1984. Minimal maintenance and oversight required. Offering a 6.5% cap rate on current financials and potential to increase income. As a bonus, the building can be converted to multi-family units for future added value. Ideal for 1031 replacement property or any investor needing to deploy capital and looking for a better return than the average multi-family market cap in the region.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Coldwell Banker Bain are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-25T00:14:27.66.

www.searchkitsaphomes.com/homes/119362764
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1844 NE Poulsbo Avenue Keyport, WA 98345

  • Price: $1,650,000
  • Status: Pending Feasibility
  • On Site: 193 Days
  • ID#: 1808817
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1984
Built
Neighborhood:
Keyport
County:
Kitsap
Area:
Vinland / Finn Hill
Property Description
Rare commercial investment opportunity in the community of Keyport, located in Kitsap County near Poulsbo. Historically operated as an office building primarily servicing Navy contractors, the building has been continuously occupied with virtually no vacancies since it opened for business in 1984. Minimal maintenance and oversight required. Offering a 6.5% cap rate on current financials and potential to increase income. As a bonus, the building can be converted to multi-family units for future added value. Ideal for 1031 replacement property or any investor needing to deploy capital and looking for a better return than the average multi-family market cap in the region.
Exterior Features

Carport YN No Exterior Features Wood Lot Size Dimensions 110 X 160 Open Parking YN No Parking Total 0 Roof Torch Down Structure Type Office Style Code 73 - Office Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Flooring Ceramic TileConcreteCarpet Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Forced AirCeramic TileConcreteWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal Yes Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventionalRehab LoanSee Remarks Lot Number 28-31 Net Operating Income 107249 Possession Tenant's Rights Possible Use CommercialMulti-FamilyOfficeSee Remarks Power Company Puget Sound Energy Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company Kitsap County Public Works Special Listing Conditions None Tax Annual Amount 19830 Tax Year 2021 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Company Kitsap Pud Water Source Community Year Built Effective 1984 Zoning Class CommercialMulti-FamilyOfficeSee Remarks Zoning Jurisdiction County

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Coldwell Banker Bain and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Coldwell Banker Bain are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-25T00:14:27.66.

 
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Coldwell Banker Bain
3637 NW Byron St, Suite 201
Silverdale WA, 98383
Listing Courtesy of Urban Commercial Partners, Llc.