Bayview Apartments | 306 W 1st St
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Bayview Apartments 306 W 1st St
12 Unit Block of Flats £1,017,146 (£84,762/Unit) 5.22% Net Initial Yield Port Angeles, WA 98362
Executive Summary
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.
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.
Property Facts
Price | £1,017,146 | Apartment Style | Low Rise |
Price Per Unit | £84,762 | Building Class | C |
Sale Type | Investment | Lot Size | 0.16 AC |
Net Initial Yield | 5.22% | Building Size | 11,856 SF |
No. Units | 12 | Number of Floors | 3 |
Property Type | Residential | Year Built/Renovated | 1921/2023 |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Price | £1,017,146 |
Price Per Unit | £84,762 |
Sale Type | Investment |
Net Initial Yield | 5.22% |
No. Units | 12 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.16 AC |
Building Size | 11,856 SF |
Number of Floors | 3 |
Year Built/Renovated | 1921/2023 |
Opportunity Zone |
Yes |
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
Studios | 1 | - | - |
1+1 | 7 | - | - |
2+1 | 4 | - | - |
1 of 1
zoning
Zoning Code | Commerical |
Commerical |
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Bayview Apartments | 306 W 1st St
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