4117 Key Peninsula Highway SW, Longbranch, WA 98351
- $735,000
Listing courtesy of HomeSmart Real Estate Assoc.
- List Price
- $735,000
- Status
- ACTIVE
- MLS#
- 2520549
- Days on Market
- 80
- Annual Tax Ammount
- 3718.19
- Internet Provider
- CenturyLink
Property Description
Established Longbranch self-storage facility and business on fully fenced 1/2 acre looking for new owners. Included is an approximately 3924 square foot mini warehouse storage builiding with 25 rental units of eleven 5 x 10's, seven 5x12, two 4 x 10, two 5 x 16, two 5 x 5 and one 6 x 10, 10 garages and 4 double garages. There are also 12 cargo containers and a 2 bed, 3/4 bath 750 sf cottage with double paned windows, tile entry, vinyl planked flooring, full kitchen, laundry area with washer and dryer, covered porch and fenced yard with apple and pear trees, ideal for live-on-site caretaker or rent out separately for additional income. There are 6 parking spots that also can be rented. Security system with 7 cameras and 2 monitors included in the transfer. Facilitate smooth tenant consultations in the new hickory shed outbuilding, added in 2024 with propane heating and a durable metal roof. Improvements to cabin include a new composition roof installed April 2026, new drainfield, fixtures, poured foundation and back patio. Roll out torch roof installed on storage building 2023. Fresh gravel just laid and leveled. Storage building is unheated. Serviced by an onsite septic system and a private 16-foot well. Many storage unit customers are long term.
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Additional Information
- Community
- Longbranch
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1930
- # of Assigned Spaces
- 6
- Roof
- Composition, Metal, Torch Down
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Flooring
- Ceramic Tile, Concrete
- Driving Directions
- Hyway 16 to Purdy turn off, over Purdy bridge, continue straight to Longbranch, approx 10-12 miles. Property on left side.
- Electric Expenses
- 1742
- Other Expenses
- 16797
- Energy Source
- Electric, Propane
- Net Operating Income
- $52,603
- Gross Scheduled Income
- $80,000
- Water/Sewer/Garbage Expenses
- $750
- Cap Rate
- 7
- Vacancy Rate
- 15
- Total Expenses
- $26,615
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