Homes for sale - 142 - 284 Arcadia TER, Port Townsend, WA 98368

Listed by Northmarq Commercial, LLC
Bought with Northmarq Commercial, LLC

$5,900,000

$6,250,000 5.6%

Est. payment - /mo

24,000 SqFt

UPDATED:

Key Details

Sold Price $5,900,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 24,000 sqft

Price per Sqft $245

Subdivision South Of Port Townsend

MLS Listing ID 2173044

Sold Date 05/17/24

Style 56 - 10+ Units

Year Built 1997

Annual Tax Amount $27,959

Lot Size 4.250 Acres

Property Sub-Type Multi-Family

Property Description

Northmarq is proud to present the Salish Gardens for sale. Renovated two bed/one bath units with garage and in unit laundry. 6.63% Cap Rate in Place. It is comprised of 12 duplex buildings, each with their own tax parcel number. The units boast a partially fenced back yard with a greenbelt backdrop, cement patio, and attached spacious garage. The freshly renovated, spacious interiors include new kitchen cabinets, quartz CT, stainless steel appliances, side by side WDs in a laundry room, flooring, doors, mill work, lighting, and more. Salish Gardens is located in an area with a stabilized vacancy rate that is below the submarket pre-pandemic average, and has seen significant rent growth along with a surge in investor interest.

Location

State WA

County Jefferson

Area 482 - South Port Townsend

Interior

Interior Features Laminate Hardwood, Wall to Wall Carpet

Flooring Laminate, Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Composition

Building

Lot Description Dead End Street, Open Space, Paved

Sewer Septic Tank

New Construction No

Schools

School District Port Townsend #50

Others

Senior Community No

Acceptable Financing Cash Out, Conventional, Rehab Loan

Listing Terms Cash Out, Conventional, Rehab Loan

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Kate Leonchenkova

+1(206) 234-5416

Broker | License ID: 76703

Broker License ID: 76703

142 - 284 Arcadia TER Port Townsend, WA 98368