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1532 W Sims Way Port Townsend, WA $ 1,750,000
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$ 1,750,000 Get more info
1532 W Sims Way
$ 1,750,000
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1532 W Sims Way

Port Townsend, WA, 98368
$ 1,750,000
Baths0.0

Monthly Estimate*

$ 12,224

Listed by John L. Scott, Inc.
1532 W Sims Way, Port Townsend, WA 98368 - Image 1
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Studio

Commercial Property for sale in Port Townsend, WA

for $1,750,000. This building was built in 1948 on a lot size of 0.62.

The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer & electric is in the rear lot.

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Commercial Active

Price

$ 1,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,197

Style

Comm Bldg Und 10K

Lot Size

0.62

Year Built

1948

Town/City

Port Townsend

County/Region

Jefferson

MLS | Web ID

2043498
Features
General
Sewer Sewer Connected
Possession Negotiable Tenant's Rights
Roof Metal
Exterior Features Wood
HOA 0
Year Built 1948
Topography Level
Property SubType Commercial Industrial
Tax Year 2023
County Jefferson
Net Operating Income 90851
Insurance Expense 8912
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Port Townsend
Possible Use Commercial
Special Listing Conditions None
Status Active
Directions 1532 W. Sims Way
City Port Townsend
Buyer Agent Compensation 2.5
Senior Community Y/N N
Total Units 0
MLS Area 480 - Port Townsend
Lot Size Square Feet 27007
Carport Y/N N
Street Name Sims
Listing Terms Cash Out Owner Financing
Tax Annual Amount 9197
Electric Expense 5318
Property Condition Good
Public Remarks The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy.
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 9931
Zoning Class Commercial
Water Sewer Garbage 5235
Property Style 60 - Comm Bldg Und 10K
Cap Rate 5.2
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Interior
Flooring Vinyl
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Way
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions 100 x 270
Lot Size Acres 0.62
Lot Size Units Square Feet
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 100
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Internal Only
OriginalMLSID NWM2043498
Street Number 1 1532
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* Excluded Features
List By
Steven E Kraght

Listing Agent

John L. Scott, Inc.

Broker

Affordability Calculator

$12,991
Per Month
94%
6%
0%
Monthly Principal & Interest
$12,224
Monthly Property Taxes
$766
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/22/2023$1,750,000 -22.22% Price Down
3/9/2023$2,250,000 Listed Price

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1532 W Sims Way, Port Townsend, WA, 98368 is a Commercial Property for sale at $1,750,000 with a lot size of 0.62. 1532 W Sims Way is a studio with 0.0 baths and was built in 1948. The property's zip code is 98368 which is in Port Townsend, WA

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