605 Point Brown Avenue Northwest
605 Point Brown Avenue Northwest
Ocean Shores, WA 98569
$4,800,000
Price
—
Beds
26,942 Sq. Ft.
$178 / Sq. Ft.
26,942
Sq. Ft.
$178
per Sq. Ft.
Listing provided courtesy of Windermere R.E. Ocean Shores
Description
The Constitution apartment complex, formerly the Windjammer Resort, offers 28 rental units and is located on the Ocean Shores Golf Course's 14th Fairway. Excellent exposure on main street. Walking distance to "downtown" for shopping, activities, restaurants and medical. The current owner purchased this property in 2021 and has been investing in renovations since then as units are vacated. Rental rates range from $1,000 to $1,500. Ocean Shores is experiencing growth and this complex offers housing...The Constitution apartment complex, formerly the Windjammer Resort, offers 28 rental units and is located on the Ocean Shores Golf Course's 14th Fairway. Excellent exposure on main street. Walking distance to "downtown" for shopping, activities, restaurants and medical. The current owner purchased this property in 2021 and has been investing in renovations since then as units are vacated. Rental rates range from $1,000 to $1,500. Ocean Shores is experiencing growth and this complex offers housing for local business employees, retirees and home owners in transition. Can be purchased with another apartment complex, Discovery Shores, listed at $3.5 million for a combined price of $7.95 million. It's a great time to invest in Ocean Shores.
- Listed by Jim Donahoe • Windermere R.E. Ocean Shores
Property Details for 605 Point Brown Avenue Northwest
Community Name
Ocean Shores
School DistrictNorth Beach
ViewGolf Course
Number of Assigned Spaces53
Total Covered Parking0
Entry Date02-20-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Windermere R.E. Ocean Shores![]()
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LISTING UPDATED: 02/23/2024 01:12 PM
Property Details for 605 Point Brown Avenue Northwest
| Status | Active |
|---|---|
| MLS # | 2202084 |
| Days on Market | 71 |
| Cumulative Days on Market | 98 |
| Taxes | $13,030 / year |
| HOA Fees | $165 / year |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1983 |
| Lot Size | 1.17 AC / 51,146 SF |
| County | Grays Harbor County |
Location
Listing Courtesy of Windermere R.E. Ocean Shores![]()
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Building Information for 605 Point Brown Avenue Northwest
Stories3Residences-Year Built1983Building Size-Lot Size1.17 AC / 51,146 SF
Payment Calculator
$27,295 per month
30 year fixed, 7.25% Interest
Principal and Interest
$26,196
Property Taxes
$1,086
HOA Dues
$14
The Payment Calculator is for illustrative purposes only.
Property Information for 605 Point Brown Avenue Northwest
Summary
Location and General Information
- Style: 56 - 10+ Units
- Site Features: Fenced-Partially, Shop
- Area: 194 - Ocean Shores
- Elementary School: Ocean Shores Elem
- Middle Or Junior School: North Beach Mid
- High School: North Beach High
- Community Features: Golf
- Directions: Drive into Ocean Shores on Point Brown Avenue. Continue South past the roundabout. Property is on the right at 605 Pt Brown Ave. NW.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 53.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl, Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Built-Up, Metal
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 12315
- Power Company: GH PUD
- Sewer Company: City of Ocean Shores
- Water Company: City of Ocean Shores
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete, Slab
- Zoning Class: Business,Commercial,Multi-Family,Residential,Retail
- First Right Of Refusal: false
- Possible Use: Business, Commercial, Multi-Family, Residential, Retail
- MLS Square Footage Source: Appraisal
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 19
Lot Information
- Lot Details: Community Golf Course
- Lot Size Dimensions: 255 x 197 x 258 x 199
- Lot Size Source: Appraisal
- Parcel Number Free Text: 090100604000
- Building Condition: Average
- Calculated Square Footage: 26942
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 26942.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 53
- Number of Stories in Building: 3
- Vacancy Rate: 0
- Number Of Units Total: 0
- Units Below Grade: false
- Units In Building Total: 28
Financing / Income and Expenses
- Electric Expense: $12,696
- Total Expenses: 159016
- Gross Adjusted Income: 413532
- Gross Rent Multiplier: 11.6
- Gross Scheduled Income: $413,532
- Insurance Expense: $6,242
- Net Operating Income: $254,516
- Other Expenses: $114,733
- Total Monthly Income: 29519
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 26942.0
- Leasable Area Units: Square Feet
Property History for 605 Point Brown Avenue Northwest
| 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 605 Point Brown Avenue Northwest
Taxable ValueLand$197,800Additions$1,795,318Total$1,993,118
Tax Record2023$13,030 ($1,086 / month)
Home Facts
Total Finished SqFt4,600 SqFtAbove Ground SqFt4,600 SqFtLot Size40,075 SqFtStyleHotel / MotelYear Built1983CountyGRAYS HARBORAPN090100604000
Schools near 605 Point Brown Avenue Northwest
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.
Listing Courtesy of Windermere R.E. Ocean Shores
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.