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1298 SE 4th Ave
Oak Harbor, WA 98277
Multifamily Property For Sale
·
12 Units
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
About 1298 SE 4TH AVE , OAK HARBOR, WA 98277
The Oak Harbor 12-unit consists of one, two-story structure built in 1984. The unit mix is 11 - 2 bedroom units and 1 - 1 bedroom unit. The units boast private decks and patios for their residents. There are 20 off-street parking spaces on site. The parking lot has been re-striped, and pressure washed recently. There is a common laundry room with coin-operated machines. The opportunity allows for an investor to implement a light value-add strategy to achieve a double digit cash on cash return in year one. The structure is situated in a quiet location only a few blocks from the downtown retail corridor. Oak Harbor is a very stable rental market due to the abundance of military jobs in the immediate area.
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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