49 NE Torval Canyon RD, Poulsbo, WA, 98370 - Available for Sale

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Poulsbo Harbor View Apartments

49 NE Torval Canyon RD, Poulsbo, WA 98370

$1,895,000

18 Units | Multifamily

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Multifamily Property For Sale

Price:
$1,895,000
No. Units:
18
Building Size:
14,764 SF
Price/Unit:
$105,277.78
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.02%
Gross Rent Multiplier:
10.19
No. Stories:
2
Year Built:
1983
Lot Size:
57,499 SF
APN / Parcel ID:
15260111472000
Listing ID
18260391
Last Updated
today

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Description

Built in 1983 and extensively remodeled in 2007, the Poulsbo Harbor View offers the best of high quality construction combined with contemporary finishes. The units are generous in size and offer four different floor plans. Each unit has recently refurbished flooring, cabinetry, countertops, finishes, lighting, appliances and fixtures. The kitchens have full amenities with high quality appliances and each unit has its own washer and dryer. The City of Poulsbo directly meters and bills each tenant for water and sewer, and the electricity is also metered and billed directly to the tenant. In addition to ample open parking, the grounds consist of a storage locker facility and a Big Toy play set.

The City of Poulsbo has become a major visitor destination with its Norwegian heritage and its many unique shops lining the waterfront. Events such as the annual Viking Fest, Holiday Fest, Arts by the Bay and Skandia Midsommarfest attract thousands of visitors each year. The Poulsbo Harbor View Apartments are very well located and offer the residents access to major shopping, transportation, parks, schools and the historic downtown area of Poulsbo. Additionally, they offer the investor the opportunity to own and operate a high quality property in a very desirable neighborhood comprised of mostly single family homes, condominiums and some apartments.

Financial Summary

Unit Mix Information

  • Actual
  • 2012
  • $185,100
  • $175,845
  • $62,151
  • $113,694
  • $37,699

Map of 49 NE Torval Canyon RD, Poulsbo, WA 98370 (Kitsap County)

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Asking Price Index Trends for Poulsbo, WA Multifamily For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
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State
$76,442-0.8%-8.3%

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Created 7/12/2013
Poulsbo Harbor View Apartments
  • Multifamily
  • $1,895,000
  • 18 Units
  • 14,764 SF