39201 State Route 20

Oak Harbor, WA 98277

$743,500
Price
$743,500
Price
Studio
Beds
5,785 Sq. Ft.
$129 / Sq. Ft.

Sold

Sold

39201 State Route 20

Oak Harbor, WA 98277

Street View

Property Details

StatusSold
MLS #703405
Year Built1952
DOM42
Compass TypeMulti Family
MLS TypeMulti Family
Lot Size1.77 AC / 77,101 SF
Taxes$5,705 / year
Condo/Co-op Fees-
HOA Fees-
CountyIsland County

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Property Details

Community Name
Oak Harbor
School District
Oak Harbor
View
Territorial

Description

9 units, 7.4% Cap Rate, 100% Occupied. Full Remodeled 1 year ago. Turn key ready! Below market rents. Grm 8.8. Easy to rent. Individual apartment homes line a beautifully landscaped private street. Each unit has all new appliances, including microwave, dishwasher & washer/dryer. Upgrades include modern lighting, hardwood floors, all new cabinets & counters. Stylish interior paint colors create a new home feel. No capital improvements necessary with this cash flowing investment opportunity.

Location

Listing Courtesy of Sterling Johnston Real Estate

Building Information

Stories-Residences9Year Built1952Building Size-Lot Size1.77 AC / 77,101 SF

Payment Calculator

$3,472 per month

30 year fixed, 4.45% Interest

Principal and Interest

$2,996

Property Taxes

$475

HOA Dues

$0


Property Information for 39201 State Route 20

Summary
    Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Deck, Fenced-Fully
  • Area: 813 - North Whidbey Is
  • Effective Year Built: 1990
  • Directions: From I-5 take Exit#226 Anacortes. Go West on WA Hwy-536 for approx. 13 miles. Turn Left onto HWY 20. Drive about 8.7 miles. Property on right side. Can turn on to private street.
  • Leased Items: None
  • Map Book: Thom
  • MLS Status: S
    Taxes and HOA Information
  • Tax Year: 2013
Interior and Exterior Features
    Interior Features
  • New Construction: N
    Exterior Features
  • Exterior: Metal/Vinyl
  • Roof: Metal
Property
    Utilities
  • Energy Source: Electric
  • Heating and Cooling: Forced Air
  • Sewer: Septic
  • Water/Sewer/Garbage: 4660
    Property and Assessments
  • Foundation: Post & Block
  • Effective Year Built Source: Public Records
  • General Zoning Classification: Multi-Family
    Lot Information
  • Lot Details: Open Space, Paved Street
  • Lot Size Source: Realist
  • Parcel Number: R133114621390
Multi Family
    Building Details
  • Total Number of Parking Spaces: 18
  • Number of Uncovered Spaces: 18
  • Number of Stories in Building: 1
  • Vacancy Rate: 2
    Financing / Income and Expenses
  • Total Expenses: $28,191
  • Gross Adjusted Income: $84,143
  • Gross Rent Multiplier: 9
  • Gross Scheduled Income: $85,860
  • Insurance Expenses: $3,200
  • Net Operating Income: $55,952
  • Other Expenses: 14626
  • Total Monthly Income: 7155
    Unit 1
  • Range/Oven Unit 1: Y
  • Refrigerator Unit 1: Y
  • Dishwasher Unit 1: Y
  • Rent Unit 1: $735
  • Bedrooms Unit 1: 2
  • Description Unit 1: A1
  • Bathrooms Unit 1: 1.0
    Unit 2
  • Range/Oven Unit 2: Y
  • Refrigerator Unit 2: Y
  • Dishwasher Unit 2: Y
  • Rent Unit 2: $745
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1.0
  • Description Unit 2: A2
    Unit 3
  • Range/Oven Unit 3: Y
  • Refrigerator Unit 3: Y
  • Dishwasher Unit 3: Y
  • Rent Unit 3: $625
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1.0
  • Description Unit 3: B
    Unit 4
  • Range/Oven Unit 4: Y
  • Refrigerator Unit 4: Y
  • Dishwasher Unit 4: Y
  • Rent Unit 4: $695
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1.0
  • Description Unit 4: C
    Unit 5
  • Range/Oven Unit 5: Y
  • Refrigerator Unit 5: Y
  • Dishwasher Unit 5: Y
  • Rent Unit 5: $795
  • Bedrooms Unit 5: 2
  • Bathrooms Unit 5: 1.0
  • Description Unit 5: D
    Unit 6
  • Range/Oven Unit 6: Y
  • Refrigerator Unit 6: Y
  • Dishwasher Unit 6: Y
  • Rent Unit 6: $795
  • Bedrooms Unit 6: 2
  • Bathrooms Unit 6: 1.0
  • Description Unit 6: E

Property History for 39201 State Route 20

DateEvent & SourcePriceAppreciationLink
Dec 16, 2014Sold

NWMLS #703405

$743,500
Nov 17, 2014Pending

NWMLS #703405

Oct 6, 2014Listed (Active)

NWMLS #703405

$755,000
DateEvent & SourcePrice
12/16/2014
Sold

NWMLS #703405

$743,500
11/17/2014
Pending

NWMLS #703405

10/06/2014
Listed (Active)

NWMLS #703405

$755,000

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

Schools in Oak Harbor, WA

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Oak Harbor High SchoolPublic9-124.7 mi
7
North Whidbey Middle SchoolPublic6-84.8 mi
4
Crescent Harbor Elementary SchoolPublicK-55.0 mi
6
HomeconnectionPublicK-125.0 mi
NR

Oak Harbor High School

9-12, 4.7 mi, Public

7

North Whidbey Middle School

6-8, 4.8 mi, Public

4

Crescent Harbor Elementary School

K-5, 5.0 mi, Public

6

Homeconnection

K-12, 5.0 mi, Public

NR

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.

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 Sterling Johnston Real Estate
Listing provided courtesy of Northwest MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer.