4751 SE Horstman Road, Port Orchard, WA 98366
- $980,000
- 4,800
- SqFt
Listing courtesy of Windermere RE West Sound Inc.. Selling Office: Mosaic Realty.
- Sold Price
- $980,000
- List Price
- $995,000
- Status
- SOLD
- MLS#
- 2170132
- Closing Date
- Nov 27, 2023
- Days on Market
- 3
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,800
- Area Total SqFt
- 4800
- Annual Tax Ammount
- 8835
- Lot Size (sq ft)
- 63,598
- Sewer
- Septic Tank
Property Description
Investors, don't miss out! 6.6% cap rate and loyal, long-term renters! This amazing 4plex is super-unique for Kitsap County! Almost an acre and a half of usable land with incredible Olympic Mountain views and sunsets! Two 1 bedroom and two 2 bedroom, 1200 square ft units are in high demand. Couple that with the large shared shed, chicken coop, greenhouse and multiple fruit trees, who wouldn't want to live there? Vinyl siding and a metal roof make this place super low-maintenance. 2-unit shared laundry on each side of the building. 2 entrances with loads of extra parking. All tenants are month-to-month, Unit D is only vacant to spruce up for sale. Live in that unit and have a home that cash-flows! Listed under tax-assessed value of over $1M!
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Additional Information
- List Date
- 2023-11-24 00:00:00
- Community
- Port Orchard
- Net Operating Income
- $66,176
- Gross Adjusted Income
- $89,850
- Gross Scheduled Income
- $90,758
- Total Monthly Income
- $7,563
- Insurance Expenses
- $2,133
- Water/Sewer/Garbage Expenses
- $3,300
- Gross Rent Multiplier
- 11
- Total Expenses
- $23,674
- Cap Rate
- 6.6
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 4751
- Potential Terms
- Cash Out, Conventional, VA Loan
- Year Built
- 1976
- View
- Mountain(s), Territorial
- Roof
- Metal
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, Green House, High Speed Internet, Outbuildings, Patio, RV Parking
- Other Expenses
- 9406
- Energy Source
- Electric, Natural Gas, Wood
- School District
- South Kitsap
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,563
- Gross Scheduled Income
- $90,758
- Vacancy Rate
- 1
- Gross Adjusted Income
- $89,850
- Tax Year
- 2023
- Insurance Expense
- $2,133
- W/S/G Expenses
- $3,300
- Total Expenses
- $23,674
- Net Operating Income
- $66,176
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.6
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.