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Fernwood Manor 3690 Jackson Ave SE 8 Unit Apartment Building $1,415,000 ($176,875/Unit) 6.10% Cap Rate Port Orchard, WA 98366
Executive Summary
Short-term seller financing options available to qualified buyers. Fernwood Manor is a well maintained 8-unit apartment complex, well positioned for new ownership to take over and capture upside potential without any major capital improvements. New roof, paint, and fence all completed in the last 3 years.
Property Facts
| Price | $1,415,000 | Apartment Style | Low-Rise |
| Price Per Unit | $176,875 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.10% | Building Size | 5,608 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | UL | ||
| Price | $1,415,000 |
| Price Per Unit | $176,875 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 5,608 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Opportunity Zone |
Yes |
| Zoning | UL |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 949 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 012301-1-020-2001 | Improvements Assessment | $953,150 |
| Land Assessment | $92,600 | Total Assessment | $1,045,750 |
Property Taxes
Parcel Number
012301-1-020-2001
Land Assessment
$92,600
Improvements Assessment
$953,150
Total Assessment
$1,045,750
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Fernwood Manor | 3690 Jackson Ave SE
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