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(206) 607-2575
Real Estate Company
4142 Kimberly Way, Oak Harbor, WA 98277
- $612,500
- 2,200
- SqFt
Listing Broker: Windermere R.E. Northeast, Inc; Ron Volz; ; Selling Office: Keller Williams Realty Bothell.
- Sold Price
- $612,500
- List Price
- $639,000
- Status
- SOLD
- MLS#
- 2138412
- Closing Date
- Jul 02, 2024
- 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. New roof and underlayment just installed, 1 bedroom, 1 bath units, 4-plex. Great location halfway between Deception Pass and Oak Harbor. Very low maintenance building. Lots of parking. Large lot 33,541 sq ft, possibility of future expansion. No HOA, septic system, very low expenses. rents are currently well below market rates, and slowly being increased. Good long-term investment. always rented. Seller will be doing a 1031 exchange.
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Additional Information
- 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
- $750
- Gross Rent Multiplier
- 12.8
- Total Expenses
- $6,380
- 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
- $750
- Total Expenses
- $6,380
- Net Operating Income
- $45,170
- Gross Rent Multiplier
- 12.8
- Cap Rate
- 6.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.