560 Point Brown Avenue Northeast
560 Point Brown Avenue Northeast
Ocean Shores, WA 98569
$875,000
Last Sold Price
6
Beds
4.25
Baths
5,760 Sq. Ft.
$152 / Sq. Ft.
5,760
Sq. Ft.
$152
per Sq. Ft.
Sold 5/28/21
Sold 5/28/21
Listing provided courtesy of Realty One Group Turn Key, COMPASS
Description
Daily or weekly rental (Air B&B style). Due to unique zoning, this is a RARE Opportunity to purchase a short-term rental property in Ocean Shores! This beautiful waterfront 4-plex is in Commercial Zoning, which is the only zoning that permits short term rentals in Ocean Shores. Currently, the owner occupies the Grand Suite on main level, & has month-to-month tenants renting the other 3 units. Very spacious, open concept layouts. Main floor has huge private balcony, overlooking canal. Lower unit is...Daily or weekly rental (Air B&B style). Due to unique zoning, this is a RARE Opportunity to purchase a short-term rental property in Ocean Shores! This beautiful waterfront 4-plex is in Commercial Zoning, which is the only zoning that permits short term rentals in Ocean Shores. Currently, the owner occupies the Grand Suite on main level, & has month-to-month tenants renting the other 3 units. Very spacious, open concept layouts. Main floor has huge private balcony, overlooking canal. Lower unit is a daylight, walkout to concrete patio to 1 of largest docks on canal. This canal connects to Duck Lake - great for all water activities. Walkable to all essential retail in Downtown Ocean Shores. Golf course surrounds the property.
- Listed by Craig Tuttle • Realty One Group Turn Key
Property Details for 560 Point Brown Avenue Northeast
Community Name
Ocean Shores
School DistrictNorth Beach
ViewCanal
Number of Assigned Spaces8
Total Covered Parking0
Entry Date01-15-2021
Energy SourceElectric,Propane,See Remarks
SewerSewer Connected
Location
Listing Courtesy of Realty One Group Turn Key![]()
Sold By COMPASS
Add your commute
LISTING UPDATED: 06/02/2021 07:30 PM
Property Details for 560 Point Brown Avenue Northeast
| Status | Sold |
|---|---|
| MLS # | 1717894 |
| Days on Market | 74 |
| Cumulative Days on Market | 121 |
| Taxes | $3,861 / year |
| HOA Fees | $148 / year |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2000 |
| Lot Size | 0.22 AC / 9,583 SF |
| County | Grays Harbor County |
Location
Listing Courtesy of Realty One Group Turn Key![]()
Sold By COMPASS
Add your commute
Building Information for 560 Point Brown Avenue Northeast
Stories3Residences4Year Built2000Building Size-Lot Size0.22 AC / 9,583 SF
Payment Calculator
$5,109 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,775
Property Taxes
$322
HOA Dues
$12
The Payment Calculator is for illustrative purposes only.
Property Information for 560 Point Brown Avenue Northeast
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Dock, Fenced-Partially, Propane
- Area: 194 - Ocean Shores
- Elementary School: Ocean Shores Elem
- Middle Or Junior School: North Beach Mid
- High School: North Beach High
- Directions: Hwy 101, to Hwy 109, to SR 115, to entrance to Ocean Shores on Point Brown Avenue. Continue South past roundabout and Ace Hardware. Property will be on left at 560 Pt. Brown Ave NE.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: Yes
Taxes and HOA Information
- Tax Year: 2021
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 8.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Ceramic Tile, Vinyl, Carpet
- Fireplace: No
- Heating: Yes
Exterior Features
- Exterior: Cement/Concrete
- Roof: Composition
- Waterfront Description: Bank-Low, No Bank
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Wall
- Water Source: Public
- Water/Sewer/Garbage: 4498
- Power Company: Grays Harbor PUD
- Sewer Company: City of Ocean Shores
- Water Company: City of Ocean Shores
- Power Production Type: Electric, Propane, See Remarks
- Utilities: Propane, Sewer Connected, Electricity Available, See Remarks
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Commercial,Multi-Family,Office,Retail
- First Right Of Refusal: false
- Possible Use: Commercial, Multi-Family, Office, Retail
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 31
Lot Information
- Lot Details: Paved
- Lot Size Dimensions: 60' x 161'
- Lot Size Source: Public Records
- Parcel Number Free Text: 090500001000
- Building Condition: Good
- Calculated Square Footage: 5760
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5760.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 3
- Vacancy Rate: 25
- Number Of Units Total: 4
- Units Below Grade: true
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $985
- Total Expenses: 13123
- Gross Adjusted Income: 135000
- Gross Rent Multiplier: 5
- Gross Scheduled Income: $180,000
- Insurance Expense: $2,595
- Net Operating Income: $121,877
- Other Expenses: $1,036
- Total Monthly Income: 5300
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 960
- Rent Unit 1: $1,000.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 960
- Rent Unit 2: $1,000.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1920
- Rent Unit 3: $1,800.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1920
- Rent Unit 4: $1,500.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5760.0
- Leasable Area Units: Square Feet
Property History for 560 Point Brown Avenue Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 560 Point Brown Avenue Northeast
Taxable ValueLand$106,650Additions$373,782Total$480,432
Tax Record2023$3,141 ($262 / month)
Home Facts
Total Finished SqFt1,920 SqFtAbove Ground SqFt1,920 SqFtStories2Lot Size9,583 SqFtStyleMulti-Family Dwelling (2-4)Year Built2000CountyGRAYS HARBORAPN090500001000
Schools near 560 Point Brown Avenue Northeast
This home is within North Beach School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Ocean Shores Elementary School PublicPK to 5 | ||
North Beach Middle School Public6 to 8 | ||
North Beach High School Public9 to 12 | ||
Pacific Beach Elementary School PublicPK to 5 |
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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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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of Realty One Group Turn Key
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. The DOM value represents the number of days this listing has been Active on this website.