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    1844 NE Poulsbo Avenue

    Keyport, WA 98345
    • $1,650,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 1808817
    $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

    Investor Alert! Opportunity to acquire a well preforming commercial office building with upside potential. Situated in Central Kitsap County, the town of Keyport is strategically positioned in the heart of the largest cluster of US Naval Bases in the Pacific NW. Being one of the few buildings located within a 15-minute response time to both Bangor and Keyport Bases - civilian contractors servicing the Navy have occupied the premises consistently since it opened for business in 1984. Currently operating at a 6.3% cap rate with room to increase rental income. Plans have been initiated to convert the building to 14 multi-family units to meet the increasing demand for residential apartments 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 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 2021-08-05T00:15:04.253.

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

    • Price: $1,650,000
    • Status: Active
    • MLS #: 1808817
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    1984
    Built
    Neighborhood:
    Keyport
    County:
    Kitsap
    Area:
    Vinland / Finn Hill
    Property Description
    Investor Alert! Opportunity to acquire a well preforming commercial office building with upside potential. Situated in Central Kitsap County, the town of Keyport is strategically positioned in the heart of the largest cluster of US Naval Bases in the Pacific NW. Being one of the few buildings located within a 15-minute response time to both Bangor and Keyport Bases - civilian contractors servicing the Navy have occupied the premises consistently since it opened for business in 1984. Currently operating at a 6.3% cap rate with room to increase rental income. Plans have been initiated to convert the building to 14 multi-family units to meet the increasing demand for residential apartments in the region.
    Exterior Features

    Carport YN No Exterior Features Wood Foundation Details Slab Open Parking YN No Parking Total 0 Roof Torch Down Structure Type Office Style Code 73 - Office Topography Level

    Interior Features

    Fireplace YN No Flooring Ceramic TileConcreteCarpet Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Ceramic TileConcrete

    Property Features

    Electric On Property YN No Expansion Area False First Right Of Refusal True Gross Adjusted Income 152491 Gross Scheduled Income 152491 Insurance Expense 2565 Irrigation Water Rights YN No Listing Terms Cash OutConventionalRehab LoanSee Remarks Lot Number 28-31 Net Operating Income 106440 Possible Use CommercialMulti-FamilyOfficeSee Remarks Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 19830 Tax Year 2021 Total Expenses 46051 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 4976 Water Source Community Zoning Class CommercialMulti-FamilyOfficeSee Remarks Zoning Jurisdiction County

    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 2021-08-05T00:15:04.253.

     
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    Keller Williams Tri-Cities
    4390 W Van Giesen
    West Richland WA, 99353
    Listing Courtesy of Urban Commercial Partners, Llc.