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1298 SE 4th Ave
Oak Harbor, WA 98277
Value-Add | Fully Leased Multi-Family Asset · Multifamily Property For Sale
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12 Units
Investment Highlights
- Fully occupied, 12-unit multi-family building ideally located in a quiet neighborhood in Oak Harbor.
- Excellent investment opportunity in a robust multi-family market with high occupancy and strong rental rates.
- Positioned within one mile of a wealth of retail amenities, including Home Depot, Walgreens, Walmart, Safeway, Starbucks, and McDonald’s.
- Situated near Highway 20, allowing easy access north to Interstate 5 or south to the other end of Whidbey Island.
- Value-add potential exists through additional unit renovations and future rent escalations upon lease expirations.
Property Facts
| No. Units | 12 | Building Size | 8,875 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1984 |
| Building Class | C | Parking Ratio | 2.03/1,000 SF |
| Lot Size | 0.77 AC | ||
| Zoning | OH | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 8,875 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | OH |
Amenities
Unit Amenities
- Cable Ready
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Deck
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 600 - 650 |
| 2+1 | 11 | - | 710 - 750 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $760,192 | |
| Land Assessment | $1,005,192 | Total Assessment | $1,765,384 |
Property Taxes
Parcel Numbers
Land Assessment
$1,005,192
Improvements Assessment
$760,192
Total Assessment
$1,765,384
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