Listings courtesy of Northwest MLS as distributed by MLS GRID. Listing Agent: Gary Anderson | Office: G Anderson Group LLC

Pending

$670,000

821 Bay St
Port Orchard, WA 98366

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 over 8%. 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.

Disclaimer: The information contained in this listing has not been verified by Keller Williams Premier Partners Star Team and should be verified by the buyer.

Mike Wallin

Keller Williams Premier Partners Star Team

360-560-3636

Mike Wallin

Keller Williams Premier Partners Star Team

360-560-3636

Listings courtesy of Northwest MLS as distributed by MLS GRID.
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821 Bay St Port Orchard, WA 98366

821 Bay St
Port Orchard, WA 98366