821 Bay St, Port Orchard, WA 98366
Commercial Property 
Built in 1900 
9,583sqft lot
—— car garage 
$——/sqft 
Listed 7 months ago
Property Description
This listing courtesy of Gary Anderson, G Anderson Group LLC
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.
- Listing Status:
- Active
- Listing Office:
- G Anderson Group LLC : 360-373-2343
- Listing Agent:
- Gary Anderson : 360-373-2343
- MLS ID:
- 2322533
- Flooring: Hardwood
- A/C: Ductless
- Heating: Ductless
- Fireplace: Fireplaces: 0
This listing courtesy of Gary Anderson, G Anderson Group LLC
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Explorer Academy
1723 Wolves Dr, Port Orchard, WA, 98366
Grades KG-12
0.83 miles away
Explorer Academy
1723 Wolves Dr, Port Orchard, WA, 98366
Grades KG-12
0.83 miles away
South Kitsap High School
425 Mitchell Ave, Port Orchard, WA, 98366
Grades 9-12
0.59 miles away
