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1031 Discovery Ave SE 26 Unit Apartment Building $2,900,000 ($111,538/Unit) 6.94% Cap Rate Ocean Shores, WA 98569
Property Facts
| Price | $2,900,000 | Building Class | C |
| Price Per Unit | $111,538 | Lot Size | 2.68 AC |
| Sale Type | Investment | Building Size | 26,000 SF |
| Cap Rate | 6.94% | Average Occupancy | 96% |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | B1 Retail Commercial | ||
| Price | $2,900,000 |
| Price Per Unit | $111,538 |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.68 AC |
| Building Size | 26,000 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1968 |
| Opportunity Zone |
Yes |
| Zoning | B1 Retail Commercial |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Fireplace
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dock
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
- Waterfront
- Dock
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | 450 |
| 1+1 | 11 | - | 750 |
| 2+1 | 1 | - | 800 |
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Not walkable
10/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 092900060203 | Improvements Assessment | $1,532,250 |
| Land Assessment | $221,750 | Total Assessment | $1,754,000 |
Property Taxes
Parcel Number
092900060203
Land Assessment
$221,750
Improvements Assessment
$1,532,250
Total Assessment
$1,754,000
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1031 Discovery Ave SE