Bought with Northmarq Commercial, LLC
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $5,900,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 24,000 sqft
Price per Sqft $245
Subdivision South Of Port Townsend
MLS Listing ID 2173044
Sold Date 05/17/24
Style 56 - 10+ Units
Year Built 1997
Annual Tax Amount $27,959
Lot Size 4.250 Acres
Property Description
Northmarq is proud to present the Salish Gardens for sale. Renovated two bed/one bath units with garage and in unit laundry. 6.63% Cap Rate in Place. It is comprised of 12 duplex buildings, each with their own tax parcel number. The units boast a partially fenced back yard with a greenbelt backdrop, cement patio, and attached spacious garage. The freshly renovated, spacious interiors include new kitchen cabinets, quartz CT, stainless steel appliances, side by side WDs in a laundry room, flooring, doors, mill work, lighting, and more. Salish Gardens is located in an area with a stabilized vacancy rate that is below the submarket pre-pandemic average, and has seen significant rent growth along with a surge in investor interest.
Location
State WA
County Jefferson
Area 482 - South Port Townsend
Interior
Interior Features Laminate Hardwood, Wall to Wall Carpet
Flooring Laminate, Vinyl, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Open Space, Paved
Sewer Septic Tank
New Construction No
Schools
School District Port Townsend #50
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Rehab Loan
Listing Terms Cash Out, Conventional, Rehab Loan
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
GET MORE INFORMATION