1844 Northeast Poulsbo Avenue

Keyport, WA 98345

$1,650,000
Price
Beds
9,632 Sq. Ft.
$171 / Sq. Ft.
9,632
Sq. Ft.
$171
per Sq. Ft.

Description

Multi-family conversion opportunity! Plans have been initiated to reposition the current office building into 14 apartment units in an effort to meet the increasing demand for residential units in the region. Situated in Central Kitsap County, the town of Keyport is strategically positioned in the heart of the largest cluster of US Naval Bases in the Pacific NW, providing a reliable and consistent source of tenants. The region has recently experienced unprecedented growth, as outlying areas from...

Property Details for 1844 Northeast Poulsbo Avenue

Community Name
Keyport
School District
North Kitsap #400
Number of Assigned Spaces
30
Total Covered Parking
0
Year Built Numeric
1984

Location

Listing Courtesy of Urban Commercial Partners, LLC

Property Details for 1844 Northeast Poulsbo Avenue

StatusActive
MLS #1808866
Days on Market69
Taxes$19,830 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1984
Lot Size0.40 AC / 17,424 SF
CountyKitsap County

Contact a Compass agent

206.325.9333

Location

Listing Courtesy of Urban Commercial Partners, LLC

Building Information for 1844 Northeast Poulsbo Avenue

Stories2Residences2Year Built1984Building Size-Lot Size0.40 AC / 17,424 SF

Payment Calculator

$7,182 per month

30 year fixed, 2.95% Interest

Principal and Interest

$5,530

Property Taxes

$1,653

HOA Dues

$0

Property Information for 1844 Northeast Poulsbo Avenue

Summary
    Location and General Information
  • Style: 56 - 10+ Units
  • Area: 165 - Finn Hill
  • Block: 9
  • Effective Year Built Source: Public Records
  • Directions: From Poulsbo head South on Viking Way, turn left onto Hwy 308 and continue for 2.12 miles. Sharp left turn onto NE Poulsbo Ave, the subject property is located on the right side of Poulsbo Ave.
  • Leased Items: None
  • Property Sub Type: MULT
    Taxes and HOA Information
  • Tax Year: 2021
  • Additional Tax Ids: 1609494
  • Tax Annual Amount: $19,830.00
    Parking
  • Number of Carport Spaces: 0.0
  • Open Parking Spaces: 30.0
  • Open Parking: Yes
Interior and Exterior Features
    Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Concrete, Carpet
  • Features: Ceramic Tile, Concrete
  • FIRPTA: No
    Exterior Features
  • Exterior: Wood
  • Roof: Torch Down
Property
    Utilities
  • Energy Source: Electric,Natural Gas
  • Heating and Cooling: Forced Air
  • Sewer: Sewer Connected
  • Water Source: Community
  • Water/Sewer/Garbage: 31601
  • Power Company: Puget Sound Energy
  • Sewer Company: Kitsap County Public Works
  • Water Company: Kitsap PUD
  • Power Production Type: Electric, Natural Gas
  • Utilities: Sewer Connected, Electricity Available, Natural Gas Connected
    Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Slab
  • Zoning Class: Commercial,Multi-Family,Office,See Remarks
  • Total Finished SQFT: 0.0
  • First Right Of Refusal: true
  • Possible Use: Commercial, Multi-Family, Office, See Remarks
  • Letter On File: Duplicate Prop Type
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Year Built Effective: 1984
  • Photos Count: 18
    Lot Information
  • Lot Details: Corner Lot
  • Lot Size Dimensions: 110 x 160
  • Lot Number: 28-31
  • Lot Size Source: Realist
  • Parcel Number Free Text: 43660090280009
  • Building Condition: Average
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.4
  • Lot Square Footage: 17424.0
  • Lot Size Units: Square Feet
  • Calculated Square Footage: 9632
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 9632.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
Multi Family
    Building Details
  • Number of Uncovered Spaces: 30
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 14
    Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 89009
  • Gross Adjusted Income: 262129
  • Gross Rent Multiplier: 11
  • Gross Scheduled Income: $277,465
  • Insurance Expense: $4,900
  • Net Operating Income: $171,121
  • Other Expenses: $32,677
  • Total Monthly Income: 0
  • Fuel Expense: $0
    Unit 1
  • Square Feet Unit 1: 5150
  • Rent Unit 1: $6,500.00
  • Estimated Triple Net Monthly Unit 1: 2186
  • Tenant Description Unit 1: L3 Harris
  • Type Of Use Unit 1: Office
  • Lease Expiration Unit 1: 2020-03-31
    Unit 2
  • Square Feet Unit 2: 3379
  • Rent Unit 2: $3,379.00
  • Tenant Description Unit 2: McLaughlin
  • Type Of Use Unit 2: Office
  • Lease Expiration Unit 2: 2020-12-01
Rental
    Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 9632.0
  • Leasable Area Units: Square Feet

Property History for 1844 Northeast Poulsbo Avenue

DateEvent & SourcePriceAppreciation
Jul 14, 2021

Listed (Active)

NWMLS #1808866

$1,650,000
DateEvent & SourcePrice
07/14/2021

Listed (Active)

NWMLS #1808866

$1,650,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1844 Northeast Poulsbo Avenue


SchoolTypeGradesDistanceRating
Hilder Pearson ElementaryPublicPK-51.4 mi
6
Special ProgramsPublicPK-121.8 mi
NR
Poulsbo Middle SchoolPublic6-82.1 mi
5
North Kitsap High SchoolPublic9-122.2 mi
8

Hilder Pearson Elementary

PK-5, 1.4 mi, Public

6

Special Programs

PK-12, 1.8 mi, Public

NR

Poulsbo Middle School

6-8, 2.1 mi, Public

5

North Kitsap High School

9-12, 2.2 mi, Public

8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1844 Northeast Poulsbo Avenue is a multi-family home for sale in Keyport, WA 98345. This property was listed for sale on July 15, 2021 by Urban Commercial Partners, LLC at $1,650,000. This listing's school district is North Kitsap School District. Nearby schools include Hilder Pearson Elementary, Poulsbo Middle School and North Kitsap High School. 1844 Northeast Poulsbo Avenue is a 0-bed, 0-bath, 9,632 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Urban Commercial Partners, LLC

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer.