550 University Rd

    Friday Harbor, WA 98250
    • $2,400,000
    • STATUS: Active
    • ON SITE: 179 days
    • ID#: 1221345
    UPDATED: 181 min ago
    $2,400,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,676
      SQFT
    • $277
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1992
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Coldwell Banker Koetje R.E..

    Description

    Meticulously maintained 12 unit apartment complex on a quiet area in Friday Harbor. High demand for affordable rental housing on the island makes this a great investment. Complex consist of two buildings w/12 1-bedroom/1-bath units with a full kitchen (incl dishwasher/disposal), and a convenient storage room. New life-time roof, fresh exterior paint, high-end fixtures for durability, low maintenance yard, etc. keeps expense ratio low! This complex IS turn-key and IN exceptional condition.

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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 The Deol Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-25T00:17:40.167.

    www.thedeolgroup.com/homes/78981007

    550 University Rd Friday Harbor, WA 98250

    • Price: $2,400,000
    • Status: Active
    • Updated: 181 min ago
    • ID#: 1221345
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    8,676
    SQFT
    $277
    $/SQFT
    1992
    Built
    Neighborhood:
    Friday Harbor
    County:
    San Juan
    Area:
    San Juan Island
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    San Juan Island
    Property Description
    Meticulously maintained 12 unit apartment complex on a quiet area in Friday Harbor. High demand for affordable rental housing on the island makes this a great investment. Complex consist of two buildings w/12 1-bedroom/1-bath units with a full kitchen (incl dishwasher/disposal), and a convenient storage room. New life-time roof, fresh exterior paint, high-end fixtures for durability, low maintenance yard, etc. keeps expense ratio low! This complex IS turn-key and IN exceptional condition.
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details Paved Street Lot Dimensions 99 X 199 Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 16 Uncovered Spaces 16 View Territorial

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 650 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 650 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 650 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 650 Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 650 Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 650 Units Below Grade N

    Property Features

    Amenities Coin Op LaundryStorageThermal Windows Bank Owned No Cap Rate 4.03 Electrical Expenses 2625 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 126540 Gross Rent Multiplier 19 Gross Scheduled Income 123420 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3218 Leased Items None Lot Number 4 Net Operating Income 96656 New Construction YN No Other Expenses 2794 Possession Closing Power Company Opalco Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Town Of Friday Harbor Site Features Cable TVDeckHigh Speed InternetPatio Tax Amount 5812 Tax Year 2017 Terms AssumableCash OutConventional Third Party Approval Required None Total Expenses EXP 29824 Total Expenses TEX 29824 Total Monthly Income 10540 Unit1 Monthly Rent 850 Unit2 Monthly Rent 925 Unit3 Monthly Rent 825 Unit4 Monthly Rent 925 Unit5 Monthly Rent 805 Unit6 Monthly Rent 805 Vacancy Rate 0 Water Company Town Of Friday Harbor Water Sewer Garbage 15375 Water Source Public

    Listing information © 2018 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 The Deol Group 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 The Deol Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-25T00:17:40.167.

     
    The Deol Group
    305 108th Ave NE, Suite 200
    Bellevue WA, 98004
    Listing Courtesy of Coldwell Banker Koetje R.E..