1042 Point Brown Avenue SE Unit #A & B, Ocean Shores, WA 98569
- $750,000
Listing courtesy of Windermere R.E. Ocean Shores.
- List Price
- $750,000
- Status
- ACTIVE
- MLS#
- 2519480
- Price Change
- ▼ $48,000 1784249652
- Days on Market
- 112
- Annual Tax Ammount
- 3665.8
- Internet Provider
- Coast Communications
Property Description
Incredible investment opportunity in a Qualified Business Opportunity Zone! Talk to your CPA about potential tax benefits! This duplex was fully remodeled inside and out in 2023! New roof, siding, paint, fire sprinkler system, 208 sq. ft. private dock, and full interior remodel! The property is zoned commercial so the options are endless. Currently in use as an Airbnb with 5* ratings over the past two years! Or use one unit as a primary residence & the other as a rental. Also ideal for live/work space. Live in one unit and convert the other unit to business space. The ideas for use are abundant for this property! This duplex is canal front on the Grand Canal, with access to 23 miles of fresh waterways. Location is close to the Fish Hook Canal, leading to Duck Lake. Walk into a new home, a business opportunity, or both. High quality finishes throughout both units. Quartz countertops, beautiful cabinetry, custom tile work in kitchens and bathrooms, ductless heat and A/C in Unit B, and both units have laundry facilities. No detail was missed in the remodel. Both units have canal views. There are also ocean views in the upper unit. Game room in lower unit. Unit A also has an EV charger. Parking is ample. The back yard is mostly fenced, offering privacy from neighbors. Hot tub pads have been poured and electrical disconnects are on the rear of the structure, ready to go. Too much to mention. Take the virtual tour to see more of this amazing property!
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Additional Information
- Community
- Ocean Shores
- Building Condition
- Updated/Remodeled
- Style
- 62 - Business Opp.
- Year Built
- 1988
- # of Assigned Spaces
- 8
- Waterfront
- Yes
- Waterfront Description
- Medium Bank, Canal Front
- Roof
- Composition
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Ceramic Tile, Vinyl Plank
- Driving Directions
- Enter town traveling South on Point Brown; at traffic circle, take second exit to remain on Point Brown. Property is the last developed property on the left side of Point Brown.
- Electric Expenses
- 2100
- Other Expenses
- 2904
- Energy Source
- Electric
- Net Operating Income
- $141,838
- Gross Adjusted Income
- $155,125
- Gross Scheduled Income
- $182,500
- Water/Sewer/Garbage Expenses
- $2,711
- Cap Rate
- 17.77
- Vacancy Rate
- 85
- Total Expenses
- $13,286
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.