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1509 9th St
Port Townsend, WA 98368
Puget Sound Apartments · Multifamily Property For Sale
·
24 Units
Property Facts
| No. Units | 24 | Lot Size | 0.92 AC |
| Property Type | Multifamily | Building Size | 22,080 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2003 |
| Building Class | B | Parking Ratio | 1.43/1,000 SF |
| Zoning | R-IV(MF) | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.92 AC |
| Building Size | 22,080 SF |
| No. Stories | 2 |
| Year Built | 2003 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R-IV(MF) |
Amenities
Unit Amenities
- Washer/Dryer
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Carpet
About 1509 9TH ST , PORT TOWNSEND, WA 98368
Westlake Associates, Inc. is proud to present for sale, the 24-unit Puget Sound Apartments for the first time since being developed. The property consists of 3 buildings on nearly an acre of land. The 10- and 8-unit buildings were constructed in 2003, and the 6-unit building in 2007. All units are 2 bedroom and 1 bathroom. Common laundry is located on-site to service the 10- and 8-unit buildings, while the 6 units have in-unit washers/dryers. There is plenty of parking on site with 30 stalls, and additional street parking readily available. Notable construction materials include low maintenance Hardi Plank siding, double wall construction, and 8” of rockwool installed for additional soundproofing. With most of the current rents below market, there is opportunity for an investor to enjoy existing strong cash flow while also being positioned to increase returns with unit turnover or lease renewals. Common area laundry is coin-operated and owned by the property. The Puget Sound Apartments are well-located in the City of Port Townsend. The expanding regional Jefferson Healthcare Hospital and Medical Center is within walking distance just blocks away. The other major employer in the area is the Port Townsend Paper Mill.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | $1,015 | 875 |
Property Taxes
| Parcel Number | 948320601 | Improvements Assessment | $3,573,532 |
| Land Assessment | $630,624 | Total Assessment | $4,204,156 |
Property Taxes
