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Gary Anderson
Direct: (360) 731-3739
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G. Anderson Group, LLC
Main: (360) 373-2343
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Joseph Percacciolo
Direct: (360) 602-5764
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G. Anderson Group, LLC
Main: (360) 373-2343
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FOR SALE - Listing #: 691194
821 Bay St
821 - 0 Bay Street , Port Orchard WA98366
Agent Remarks
This property is a passive income lover's dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12-month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate of 7.24%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation due to the current and projected growth of the area. Bay St
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County
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Kitsap
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Market Area
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Port Orchard
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Tax ID #
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4053-013-007-0004
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Price
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$ 670,000
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Property Details
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Prop Type
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Retail, Office
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# Floors
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2
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Bldg SF
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4,464
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Year Built
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1900
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Land SF
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9,583
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# Bldgs
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1
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Acres
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0.22
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# Parking Spaces
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12
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Office Class
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C
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Informational Links
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