920 SE Midway Blvd, Oak Harbor, WA
Multi-family for Sale - $440,000 - 6,075 Sq. Ft. on 0.17 acres
Property Info
| CIMLS# | 122463 |
| Location 920 SE Midway Blvd Oak Harbor WA 98277 | |
| Updated | May 2nd, 2010 |
| Type | Multi-family |
| Price | $440,000 |
| Building | 6,075 Sq. Ft. |
| Land | 0.17 acres |
Property Description
Well maintained apartment with 12 studio and one 1 bedroom unit. Large basement / workshop storage area and small separate office. Some units have water views. Located within walking distance to downtown and harbor. Seller prefers to take back a large second deed of trust for a large portion of sellers equity.
Financials
Tax Expense $4313
Insurance Expenses $2287
Water/Sewer/Garbage $10119
Other Expenses $12253
Total Expenses $28972
Gross Scheduled Inc. $65520
Gross Adjusted Inc. $59872
Total Exp (Frm TEX) $25315
Net Operating Inc. $42651
Cap Rate -NOI div LP 5.70%
Gross Rent Multip. 8%