Listed by Urban Commercial Partners, LLC, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

1690 NE Pleasant St Keyport, WA 98345

-- Bed
-- Bath
5,680 Sq Ft
0.35 Acres

Last Sold August 23, 2022

Last sale price $1,240,000 $218 Per Sq Ft

24 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Wall to Wall Carpet
  • North Kitsap High School Rated A-
  • No HOA
  • 3-minute walk to Keyport Saltwater Park

About This Home

As of August 2022

Rare opportunity to own a quality multi-family building in one of the fastest growing markets in the Puget Sound. The property provides an incoming investor the potential to complete a value-add project while simultaneously achieving cash-flow, an exceedingly unique find in the PNW region. Situated within the largest cluster of Navy Bases in the NW, the area's largest employer and reliable source of tenants. Comprised of (six) 2bd/1bth units and features: in-unit W/D, private balconies, access to abundant nature, ample parking, and a peaceful setting. Solid operating history, no delinquencies, potential to achieve a 6.9 cap once stabilized at market expectations.

Last Agent to Sell the Property

Tyler Bretz, CCIM

Urban Commercial Partners, LLC License #23000464 Listed on: 05/31/2022

Last Buyer's Agent

June Akiyama

John L. Scott, Inc. License #27357

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1931888

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,129

Year Built

  • Built in 1986

Lot Details

  • 0.35 Acre Lot
  • Property is in average condition

Property Views

  • Views of a Sound
  • Limited Views

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 5,680 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 9 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Community Details

  • No Home Owners Association
  • Keyport Subdivision

Listing and Financial Details

  • Assessor Parcel Number 43660160130001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,129

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1986
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5680
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Partial, Sound
  • Lot Features: Alley
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Kitsap County Public Works
  • WaterCompany: PUD #1 of Kitsap County
  • WaterSewerGarbage: 7615

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Kitsap #400

Lot Info

  • Parcel Number: 43660160130001
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.1
  • LeasedItems: None
  • TotalMonthlyIncome: 7100

Multi Family

  • Gross Scheduled Income: 85176
  • Net Operating Income: 52496
  • Number Of Units Total: 6
  • Electric Expense: 15
  • Insurance Expense: 3878
  • Leasable Area: 5680
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8129

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2022 08/23/22 Sold $1,240,000 -0.8% $218 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $1,250,000 0.0% $220 / Sq Ft
06/04/2022 06/04/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $1,250,000 -- $220 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1931888

Northwest Multiple Listing Service (NWMLS)