Property Listing No Longer Available for Sale

161 Pacific, Westport, WA

Multi-Use for Sale - $550,000 - 8,238 Sq. Ft. on 0.33 acres


Property Info

CIMLS#66311
Location
  161 Pacific
  Westport WA 98595
UpdatedMay 29th, 2008
TypeMulti-Use
Price$550,000
Building8,238 Sq. Ft.
Land0.33 acres

Property Description

This is an award winning coin-op with top of the line equipment built with easy access for maintenance repais and wired and plumbed for expansion. The apartments are aprox 1000 sq ft each 2 bedrooms 1 bath with vacancy not an issue as the rents are low, and the apartments are nice and well maintained The commercial side was used a beauty shop and tanning but now is a silk screen and tatoo shop. There is pleanty of parking and it is well taken care of and clean.


Financials

The coin-op employees are independent contractors, their share is 28% of the coin and 100% of the take in laundry, on the take in they use the wash for free and pay for the dryer and furnish their detergent. The apartments rent for $450, $400, $500, $550 they are all rented and don't have a vacancy issue as the rents are low. The commercial space rents for $.70 per sq ft. and is occupied.