635 Water St

    Port Townsend, WA 98368
    • $3,850,000
    • STATUS: Active
    • ON SITE: 330 days
    • ID#: 1300032
    UPDATED: 237 min ago
    $3,850,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1889
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Coldwell Banker Best Homes.

    Description

    Rare Historic Downtown Waterfront Building & Business Investment Opportunity! Own a piece of PT History w/ this successful turn-key hotel that maintains its old world charm yet the building is completely renovated. Built in 1889, this hotel features 20 rooms including 5 studio apartments, many with water VIEWS, outdoor decks & private or shared baths. Three established business retail spaces have tenants w/ 3 year leases. Possibilities abound w/ capacity for condo's or private residences.

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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 2019-04-22T00:17:21.633.

    www.kimberlygartlandgroup.com/homes/83989654

    635 Water St Port Townsend, WA 98368

    • Price: $3,850,000
    • Status: Active
    • Updated: 237 min ago
    • ID#: 1300032
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1889
    Built
    Neighborhood:
    Downtown
    County:
    Jefferson
    Area:
    Port Townsend
    Elementary School:
    Grant Street Elem
    Middle School:
    Blue Heron Mid
    High School:
    Port Townsend High
    School District:
    Port Townsend #50
    Property Description
    Rare Historic Downtown Waterfront Building & Business Investment Opportunity! Own a piece of PT History w/ this successful turn-key hotel that maintains its old world charm yet the building is completely renovated. Built in 1889, this hotel features 20 rooms including 5 studio apartments, many with water VIEWS, outdoor decks & private or shared baths. Three established business retail spaces have tenants w/ 3 year leases. Possibilities abound w/ capacity for condo's or private residences.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Brick Foundation Slab Garage Spaces 0 Lot Details Sidewalk Roof FlatMetalTorch Down Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 0 Uncovered Spaces 0 View BayMountainOceanSound

    Interior Features

    Floor Covering Ceramic TileFir/SoftwoodHardwoodVinylWall to Wall Carpet Heating And Cooling RadiatorStove/Free StandingWallHot Water Recirc Pump Unit1 Bathrooms 0.25 Unit1 Bedrooms 0 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven N Unit1 Refrigerator N Unit1 Sq Ft 1527 Unit1 Washer Dryer N Unit2 Bathrooms 0.25 Unit2 Bedrooms 0 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven N Unit2 Refrigerator N Unit2 Sq Ft 1232 Unit2 Washer Dryer N Unit3 Bathrooms 0.25 Unit3 Bedrooms 0 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven N Unit3 Refrigerator N Unit3 Sq Ft 1000 Unit3 Washer Dryer N Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 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

    Bank Owned No Cap Rate 6.00 Electrical Expenses 5498 Energy Source ElectricPropane EPSEnergy 0 Form17 Provided General Zoning Classification CommercialIndustrialMulti-FamilyRetail Gross Adjusted Income 431702 Gross Rent Multiplier 9 Gross Scheduled Income 431702 Heating Expenses 3449 Hers Index 0 Home Owner Dues 0 Insurance Expenses 9030 Leased Items None Net Operating Income 232990 New Construction YN No Other Expenses 161449 Possession Closing Power Company Pud Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Port Townsend Site Features Sprinkler System Tax Amount 13448 Tax Year 2016 Terms Cash OutConventionalOwner Financing Third Party Approval Required None Total Expenses EXP 198712 Total Expenses TEX 198712 Total Monthly Income 5723 Unit1 Monthly Rent 2325 Unit2 Monthly Rent 1938 Unit3 Monthly Rent 1460 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 36 Water Company City Of Port Townsend Water Sewer Garbage 9287 Water Source Public Zoning Jurisdiction City

    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 2019-04-22T00:17:21.633.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Coldwell Banker Best Homes.