4142 Kimberly Way, Oak Harbor, WA 98277

$649,000
2,200
SqFt

Listing courtesy of Windermere R.E. Northeast, Inc.

List Price
$649,000
Status
ACTIVE
MLS#
2138412
Price Change
▼ $40,000 1701738546
Days on Market
202
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
2,200
Area Total SqFt
2200
Annual Tax Ammount
3520
Lot Size (sq ft)
33,541
Sewer
Septic Tank

Property Description

Fully rented, solid investment opportunity. 1 bedroom, 1 bath units 4-plex. Great location halfway between Deception Pass and Oak Harbor. New roof to be installed prior to closing. Very low maintenance building. Lots of parking. Large lot 33,541 sqft, possibility of future expansion. No HOA, septic tank, very low expenses.

Additional Information

List Date
2023-08-05 00:13:12
Community
Oak Harbor
Net Operating Income
$45,170
Gross Adjusted Income
$53,700
Gross Scheduled Income
$53,700
Insurance Expenses
$2,050
Water/Sewer/Garbage Expenses
$2,900
Gross Rent Multiplier
12.8
Total Expenses
$8,530
Cap Rate
6.5
Total Number of Units
4
Unit Name
4142
Potential Terms
Conventional, FHA, VA Loan
Year Built
1975
View
Territorial
Roof
Composition
Site Features
Cable TV, Patio
Electric Expenses
60
Energy Source
Electric
School District
Oak Harbor
Gross Scheduled Income
$53,700
Gross Adjusted Income
$53,700
Tax Year
2023
Insurance Expense
$2,050
W/S/G Expenses
$2,900
Total Expenses
$8,530
Net Operating Income
$45,170
Gross Rent Multiplier
12.8
Cap Rate
6.5
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