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    1532 W Sims Way

    Port Townsend, WA 98368
    • $2,000,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 1805970
    UPDATED: 55 min ago
    $2,000,000
    • 0
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    Listing Courtesy of John L. Scott/Pt. Townsend.

    Description

    Income producing property with room to grow. Building currently has 7 apartments consisting of 4 one bedrooms, 2 studios, and 1 two bedroom, on the top floor with 3,760 square feet of prime commercial space on the main floor. Total land is .62 acres with 4 lots. Building sits on front two lots with potential for expanding onto the back two. Great visibility along Sims Way with about 100 feet of frontage. Ample parking surrounding 2/3 of the building. Great residential rental record and stable business on the main floor. Owner has continually renovated apartments as they became vacant with only one more to go.

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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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-30T13:14:54.15.

    www.communityrealestategroup.com/homes/119347292
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    1532 W Sims Way Port Townsend, WA 98368

    • Price: $2,000,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 1805970
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    1948
    Built
    Neighborhood:
    Port Townsend
    County:
    Jefferson
    Area:
    Port Townsend
    Property Description
    Income producing property with room to grow. Building currently has 7 apartments consisting of 4 one bedrooms, 2 studios, and 1 two bedroom, on the top floor with 3,760 square feet of prime commercial space on the main floor. Total land is .62 acres with 4 lots. Building sits on front two lots with potential for expanding onto the back two. Great visibility along Sims Way with about 100 feet of frontage. Ample parking surrounding 2/3 of the building. Great residential rental record and stable business on the main floor. Owner has continually renovated apartments as they became vacant with only one more to go.
    Exterior Features

    Carport YN No Exterior Features Wood Foundation Details Poured Concrete Open Parking YN No Parking Total 0 Roof Metal Site Frontage 100 Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

    Interior Features

    Fireplace YN No Flooring Vinyl Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 300 Electric On Property YN No Expansion Area True First Right Of Refusal False Gross Adjusted Income 105420 Gross Scheduled Income 105240 Insurance Expense 4872 Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 80924 Possible Use Commercial Power Production Type Electric Property Condition Good Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 9904 Tax Year 2021 Total Expenses 24316 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 9240 Water Source Public Zoning Class Commercial Zoning Jurisdiction City

    Listing information © 2021 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 Keller Williams Tri-Cities 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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-30T13:14:54.15.

     
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    Keller Williams Tri-Cities
    4390 W Van Giesen
    West Richland WA, 99353
    Listing Courtesy of John L. Scott/Pt. Townsend.