$1,750,000
For Sale

1532 W Sims Way

Port Townsend, WA 98368
Listing OfficeJohn L. Scott, Inc.
Browse 19 photos
Type:Purchase
Structure:Industrial
Zone:Commercial

Description

The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer & electric is in the rear lot.

  • Property Details
      • Style60 - Comm Bldg Und 10K
      • Property SubtypeCommercial Industrial
      • FoundationPoured Concrete
      • Sewer InformationSewer Connected
      • Date ListedMarch 09, 2023
      • SubdivisionPort Townsend
      • Structure TypeUnspecified
      • Original List Price$2,150,000
      • CountyJefferson
      • Property TypePurchase
      • MLS #2043498
      • Cost1750000
      • MLS #2043498
      • Utility SourcePublic
      • Taxes Annual$9,197
      • Exterior MaterialsWood
      • Acres0.62
      • Year Built1948
      • Property ConditionGood
      • Days on Market (Cumulative)655
Brady McMullinReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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