461 SE Midway Blvd

    Oak Harbor, WA 98277
    • $1,800,000
    • STATUS: Active
    • ON SITE: 436 days
    • ID#: 1306782
    $1,800,000
    • 0
      BEDS
    • 1.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,153
      SQFT
    • $221
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Island Premier Properties, Llc.

    Description

    Great investment on Whidbey Island! Two parcels! Motel in town consists of 16 units, fully furnished with full kitchens, plus a manager's apartment with 1,195 sq ft., 2 beds, 1 bath, kitchen, Gas stove and AC, living room, office and laundry. 4 Storage units. Well maintained. Can be used as motel, extended stay, or apartments (separate utility meters).Addtl 1/2 acre vacant parcel (zoned C1) provides opportunity for add'l devlpmnt incl R/O. Utilities in street. Access from Midway or 4th Ave.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-17T00:18:14.277.

    www.kimberlygartlandgroup.com/homes/84340419

    461 SE Midway Blvd Oak Harbor, WA 98277

    • Price: $1,800,000
    • Status: Active
    • ID#: 1306782
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.17
    Acres
    8,153
    SQFT
    $221
    $/SQFT
    1951
    Built
    Neighborhood:
    City Of Oak Harbor
    County:
    Island
    Area:
    N. Whidbey Island
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Oak Harbor
    Property Description
    Great investment on Whidbey Island! Two parcels! Motel in town consists of 16 units, fully furnished with full kitchens, plus a manager's apartment with 1,195 sq ft., 2 beds, 1 bath, kitchen, Gas stove and AC, living room, office and laundry. 4 Storage units. Well maintained. Can be used as motel, extended stay, or apartments (separate utility meters).Addtl 1/2 acre vacant parcel (zoned C1) provides opportunity for add'l devlpmnt incl R/O. Utilities in street. Access from Midway or 4th Ave.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior BrickWoodWood Products Foundation Concrete BlockPoured Concrete Garage Spaces 0 Lot Details Corner LotOpen SpacePaved StreetSidewalk Lot Dimensions 25620 Roof Composition Stories In Building 4 Style 56 - 6-9 Units Total Parking Spaces 20 Uncovered Spaces 20

    Interior Features

    Floor Covering Laminate TileVinylWall to Wall Carpet Heating And Cooling Forced AirWall Unit1 Bathrooms 0.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Sq Ft 0 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit2 Washer Dryer N Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 2 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Storage Bank Owned No Cap Rate 8.23 Electrical Expenses 4800 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 231249 Gross Rent Multiplier 7 Gross Scheduled Income 243420 Heating Expenses 6600 Hers Index 0 Home Owner Dues 0 Insurance Expenses 6841 Leased Items None Lot Number 128 & 9 Net Operating Income 148191 New Construction YN No Other Expenses 49913 Possession Closing Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Oak Harbor Site Features Cable TVFenced-FullyHigh Speed InternetOutbuildings Tax Amount 5449 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 83058 Total Expenses TEX 83058 Total Monthly Income 20085 Unit1 Monthly Rent 1500 Unit2 Monthly Rent 1195 Unit3 Monthly Rent 995 Unit4 Monthly Rent 1500 Unit5 Monthly Rent 1500 Unit6 Monthly Rent 1500 Vacancy Rate 5 Water Company City Of Oak Harbor Water Sewer Garbage 9455 Water Source Public

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-17T00:18:14.277.

     
    Kimberly Gartland Group - Keller Williams Realty
    3212 50th St Ct Suite 200
    Gig Harbor WA, 98335
    Listing Courtesy of Island Premier Properties, Llc.