$833,000
( )
 $4,472 est/mo Sourced by Back At You

821 Bay St , Port Orchard, WA 98366

Port Orchard, WA 98366

Share with a friend

Description

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.

Details

MLS#2322533
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1900
Days On Site31
Listing Provided ByG Anderson Group LLC | Gary Anderson

Features

Acreage0.22
Water FrontYes

Market Activity 98366

 The three trees icon appears on listings courtesy of NWMLS.

The Northwest Multiple Listing Service (NWMLS) provides Internet Data Exchange (IDX) information exclusively for personal, non-commercial use. This data is intended solely to help consumers identify prospective properties they may be interested in purchasing. While the information is deemed reliable, it is not guaranteed. Users are advised to independently verify the accuracy of all information.

 Listings courtesy of NWMLS as distributed by MLS GRID. DMCA Notice - The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: suppport@realistiq.com “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Request a showing

Request a showing

Loading Form
Listings Checked: 5 minutes ago

Contact

Learn More About This Property

StateWA
CountyKitsap
CityPort Orchard
Zip Code98366
Area143 Port Orchard
Community NamePort Orchard
Listing VS Median (in Port Orchard)
Price:
$833,000
low | high
Med:
$524,997
86.975150060024% of Average
On Site:
31
low | high
Med:
117.000000
26.495726495726% of Average
Sourced by Back At You
Listing Updated: January 26, 2025 at 10:16:03 AM PST