Bought with Kidder Mathews
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Key Details
Sold Price $2,835,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,190 sqft
Price per Sqft $199
Subdivision Downtown
MLS Listing ID 1501609
Sold Date 12/31/19
Style 56 - 10+ Units
Year Built 1889
Annual Tax Amount $13,616
Lot Size 5,663 Sqft
Property Description
Located in an Opportunity Zone, the James & Hasting Building is an 1889-built, four-story brick and stone structure with magnificent architectural aesthetics. The property benefits from a profitable operation history with long-term tenants and very low turnover, and residents enjoy their walkable location near many of the town's neighborhood shops/restaurants. Likely 6% cash-on-cash return and 7% cap based on current rents and expenses. Likely financeable with just 25% down.
Location
State WA
County Jefferson
Area 480 - Port Townsend
Interior
Fireplace No
Exterior
Exterior Feature Brick
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, High Speed Internet
Waterfront No
View Y/N Yes
View Bay, Partial
Roof Type Flat,Torch Down
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Salish Coast Elementary
Middle Schools Blue Heron Mid
High Schools Port Townsend High
School District Port Townsend #50
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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