Provided by NWMLS, Listed by G Anderson Group LLC
Active
821 Bay St
Port Orchard WA, 98366
$833,000
Active
Commercial
Built in 1900
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 of 7%. 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.
2322533
MLSⓇ ID
December 20, 2024
Listed
January 14, 2025
Updated
Map
821 Bay St
Port Orchard WA, 98366
Interior Features
Interior Features
Hardwood
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Ductless HP-Mini Split
Heating
Yes
Heating Description
Ductless HP-Mini Split
Exterior/Building Features
Lot Size
0.22 Acres
Exterior Features
Wood
Roof
Composition
Sewer
Sewer Connected
Other Property Details
Area Name
143 - Port Orchard
Taxes
$5,640
Tax Frequency
Annually
Garage
No
Parking Total
12
View
No
County
Kitsap
Water Source
Public
Pool
No
Waterfront
Yes
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 1/18/2025. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 1/18/2025 at 2:00 AM UTC . 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.
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Data last updated on 1/18/2025 at 2:00 AM UTC
Windermere Real Estate