Property Description

Rare and unique investment opportunity in the community of Keyport, located in Kitsap County near Poulsbo. The property currently operates as a commercial office building with 2 tenants, both civilian contractors servicing the Navy bases in the region. Offering a 7.1% cap rate on current financials and potential to increase income with minimal maintenance or oversight required. Attractive alternative to multi-family asset class. For future added value, the building can be converted to apartments. Ideal 1031 exchange replacement property or for any investor looking for value/add opportunities in an emerging and desirable market.

Features
: Central A/c
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Address Map
USA
WA
Keyport
98345
Poulsbo
1844
Avenue
W123° 22' 30.1''
N47° 42' 9.9''
Keyport
NE
Additional Info
No
: City Of Chelan
110 x 160
School
North Kitsap #400
MLS/Listing
Sold
07/15/2021
217
05/27/2022 14:26:11
05/24/2022
2022-05-16
$1,380,000
Property Tax
$19,830
43660090280009
Listing History
MLS ID Change Type Change Date Change Time Previous Value New Value
1808866 status 05/24/2022 5:19:33 PM Pending Sold
1808866 status 05/2/2022 5:52:49 PM Pending Feasibility Pending
1808866 status 04/8/2022 6:50:57 PM Active Pending Feasibility
1808866 status 02/1/2022 7:22:42 PM Pending Feasibility Active
1808866 status 01/21/2022 6:04:31 PM Active Pending Feasibility
Billahome Estimated Value:

School Rating Disclaimer
School data showing above are provided by GreatSchools. This School data are intended to be used as reference purpose only. School attendance zone boundaries are provided by a third party and are subject to change. It is not guaranteed to be 100% accurate.

Residential Income

1844 Poulsbo Avenue, Keyport, Washington 98345

0 Bedrooms
0 Bathrooms
9,632 Sqft
$1,500,000
MLS #1808866
Property Details
Status : Sold
Property Type : Residential Income
Property Sub Type : Multi-family
Listing Type : For Sale
MLS : 1808866
Price : $1,500,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1984
Square Footage : 9,632 Sqft
Lot Size Square Feet : 17,424 Sqft
Stories Total : 2
Days On Market : 769
Office Name : Urban Commercial Partners, LLC
Agent Name : Tyler J. Bretz
Style : 56 - 10+ Units
Estimate Price :
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