Own a piece of Port Angeles history! Bayview Apartments has been a landmark in downtown Port Angeles since 1921. With 12 units there is constant cashflow and these units are in high demand and rent instantly. The yearly income is over $148K and the current owners have spent the last seven years going through the units and doing repairs and upgrades. At this point, the building is in great shape and future expenses should be minimal. The unfinished bottom story provides an opportunity to expand the building by 50% without a lot of expense meaning that cashflow can easily increase with some additional investment. Lot to the West is also available for sale separately
MLS# | 2303930 |
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Listing Type | For Sale |
Style | Town House |
Building Name | Bayview Apartments |
Sub-Type | Resale |
Status | Active |
Year | 1921 |
Days On Site | 112 |
Listing Provided By | Ideal Real Estate | Joanne Soderlind |
SQ Feet | 11,856 |
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Story(s) | 3 |
Units | 12 |
Acreage | 0.16 |
Property View | Yes |
State | WA |
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County | Clallam |
City | Port Angeles |
Zip Code | 98362 |
Area | 921 Central East Port Angeles |
Community Name | Port Angeles |
School District | Buyer To Verify |
Elementary School | Buyer To Verify |
Middle School | Buyer To Verify |
High School | Buyer To Verify |
Listing VS Median (in Port Angeles) | |
Price: $1,299,950 low | high Med: $449,000 SqFt: 11,856 low | high Med: 740 $ / SqFt: $110 low | high Med: $607 On Site: 112 low | high Med: 26.000000 |