507 /509/511 Sweany Street, Port Orchard, WA 98366

$580,000
2,700
SqFt

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Listing courtesy of Keller Williams West Sound. Selling Office: eXp Realty.

Sold Price
$580,000
List Price
$625,000
Status
SOLD
MLS#
1977163
Closing Date
Sep 22, 2023
Days on Market
277
Style
53 - Tri-plex
Finished SqFt
2,700
Area Total SqFt
2700
Annual Tax Ammount
3751
Lot Size (sq ft)
29,621
Sewer
Sewer Connected

Property Description

Well-cared-for Triplex (up/down duplex with DADU behind garage) like no other - get this cash-flowing opportunity! On the main house's top floor is a 1 bedroom / 1 bath unit with seasonal territorial and partial water views from inside and the covered patio (unit 507). Below that is the three bedroom / 1 bath unit rented with partial views and plenty of outdoor area for entertaining (unit 511). The studio apartment is located adjacent to (under) the 2-car garage (unit 509). New gravel in driveway as well as many recent updates. Just blocks from Kitsap County government buildings and close to many amenities. Easy access to public transportation, downtown Port Orchard, and just a half-mile to the Bremerton Foot Ferry.

Additional Information

List Date
2022-12-19 00:00:00
Community
Port Orchard
Net Operating Income
$45,380
Gross Adjusted Income
$53,580
Gross Scheduled Income
$56,400
Total Monthly Income
$4,700
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$1,400
Gross Rent Multiplier
11.97
Total Expenses
$8,201
Cap Rate
6.7
Vacancy Rate
5
Total Number of Units
3
Unit Name
507 /509/511
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1942
View
Partial
Roof
Composition
Site Features
Deck
Electric Expenses
1500
Other Expenses
350
Energy Source
Electric, Natural Gas
School District
South Kitsap
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,700
Gross Scheduled Income
$56,400
Vacancy Rate
5
Gross Adjusted Income
$53,580
Tax Year
2022
Insurance Expense
$1,200
W/S/G Expenses
$1,400
Total Expenses
$8,201
Net Operating Income
$45,380
Gross Rent Multiplier
11.97
Cap Rate
6.7
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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