821 Bay St, Port Orchard, WA 98366

Property Description

This listing courtesy of Gary Anderson, G Anderson Group LLC

This property is a passive income lover's dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12 month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate over 8%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation.

Listing Status:

Active

Listing Office:

G Anderson Group LLC : 360-373-2343

Listing Agent:

Gary Anderson : 360-373-2343

MLS ID:

2322533

Interior

• Flooring: Hardwood
• A/C: Ductless
• Heating: Ductless
• Fireplace: Fireplaces: 0

Exterior

• General: Wood
• Parking: Parking spaces: 12

Construction

• Roofing: Composition
• General: Standard Frame60 - Comm Bldg Und 10KPillar/Post/Pier

Location

• HOA Amenities: 0.0Not Applicable
• Originating MLS: nwmls
• County: Kitsap

Lot

• Zoning: 40530130070004

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls

This listing courtesy of Gary Anderson, G Anderson Group LLC