418 Pine St

    Orcas Island, WA 98245
    • $1,500,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: 1521421
    UPDATED: 69 min ago
    $1,500,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1976
    County:

    School Ratings & Info

    Listing Courtesy of Windermere Re Orcas Island.

    Description

    The Northern Heights Apartments are located in the heart of downtown Eastsound. A very rare income producing apartment complex on Orcas Island w/ 12 units & recent renovations and upgrades. Beautiful patio decks with town views, key less entry locks, high speed fiber internet available. Reserved parking & renovated laundry. Short distance to markets, schools, library, restaurants & shopping. 100% occupancy with strong demand. Seller will consider $500K carry back/note, 6% int, 120 months.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Chris Cross Real Estate Group at Keller Williams Realty Bellevue are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-21T00:15:55.36.

    www.urbanhomequest.com/homes/99124452

    418 Pine St Orcas Island, WA 98245

    • Price: $1,500,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 1521421
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    1976
    Built
    Neighborhood:
    Eastsound
    County:
    San Juan
    Area:
    Orcas/Shaw/Obstruction/Crane Islands
    Property Description
    The Northern Heights Apartments are located in the heart of downtown Eastsound. A very rare income producing apartment complex on Orcas Island w/ 12 units & recent renovations and upgrades. Beautiful patio decks with town views, key less entry locks, high speed fiber internet available. Reserved parking & renovated laundry. Short distance to markets, schools, library, restaurants & shopping. 100% occupancy with strong demand. Seller will consider $500K carry back/note, 6% int, 120 months.
    Exterior Features

    Building Condition Good Construction Methods Standard Frame Exterior Wood Foundation Concrete Block Lot Depth 0 Lot Dimensions 131X100 Lot Topography And Vegetation Sloped Roof Torch Down Site Frontage 0 Style 64 - Hotel/Motel Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 12 Waterfront Footage 0

    Interior Features

    Building Sq Ft 4800 Floor Covering Wall to Wall Carpet Heating And Cooling Baseboard Office Sq Ft 4800 Total Sq Ft Rented 4800

    Property Features

    Assessed Value Improvements 423160 Assessed Value Land 194610 Assessed Value Total 617770 Assessed Value Year 2018 Available Pads 0 Bank Owned No Boundary Survey 4.13 Cap Rate N Electrical Expenses 1320 Energy Source Electric Environment Survey N EPSEnergy 0 Expansion Area N Form17 Exempt Free And Clear Y General Zoning Classification Multi-FamilyRetail Gross Adjusted Income 87360 Gross Rent Multiplier 6 Gross Scheduled Income 87360 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3000 Lot Number 6 Net Operating Income 62082 Other Expenses 1089 Possession ClosingNegotiable Power Company Opalco Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company Eastsound Sewer District Tax Amount 4962 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 25278 Total Expenses TEX 25278 Total Monthly Rent 7280 Vacancy Rate 0 Water Company Eastsound Water Users Association Water Sewer Garbage 15966 Water Source Public Zoning Jurisdiction County

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Chris Cross Real Estate Group at Keller Williams Realty Bellevue and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Chris Cross Real Estate Group at Keller Williams Realty Bellevue are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-21T00:15:55.36.

     
    Chris Cross Real Estate Group at Keller Williams Realty Bellevue
    505 106th Ave NE #210
    Bellevue WA, 98004
    Listing Courtesy of Windermere Re Orcas Island.