75 W Whidbey Ave, Oak Harbor, WA 98277

$3,000,000
11,847
SqFt

Listing courtesy of Coldwell Banker 360 Team.

List Price
$3,000,000
Status
ACTIVE
MLS#
1726626
Days on Market
39
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
11,847
Lot Size (sq ft)
36,155

Property Description

19 unit multi-family property in the heart of Oak Harbor with a great rental history. The 3 buildings are in very good condition with ample parking for tenants. Laundry facility for convenience of tenants plus extra income for owner. Extra large lot. Excellent location in the center of Oak Harbor near shopping, restaurants, schools, Highway 20, and easy access to Naval Air Station Whidbey Island. This property is an outstanding performer and all units are currently leased.

Additional Information

List Date
2021-03-11 00:00:00
Community
City Of Oak Harbor
Property Type
MULT
Units
19
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1975
Total Parking
21
Uncovered Parking
21
Exterior
Cement Planked
Roof
Composition
Lot Details
Curbs, Paved Street, Sidewalk
School District
Oak Harbor
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$19,390
Gross Scheduled Income
$233,640
Vacancy Rate
2
Gross Adjusted Income
$228,967
Annual Taxes
$16,521
Tax Year
2021
Insurance Expense
$5,500
W/S/G Expenses
$30,000
Total Expenses
$75,384
Net Operating Income
$153,583
Gross Rent Multiplier
13
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
530
Unit 1 Rent
$995
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
530
Unit 2 Rent
$1,100
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
435
Unit 3 Rent
$1,010
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
550
Unit 4 Rent
$1,110
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
550
Unit 5 Rent
$995
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
580
Unit 6 Rent
$1,100
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