Bought with Windermere R.E. Ocean Shores
$1,700,000
$1,950,000
12.8%For more information regarding the value of a property, please contact us for a free consultation.
991 Silver King AVE SE Ocean Shores, WA 98569
1.56 Acres Lot
Key Details
Sold Price $1,700,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Ocean Shores
MLS Listing ID 2051609
Sold Date 07/21/23
Style 61 - Comm Bldg Ovr 10K
HOA Fees $61/ann
Year Built 1992
Annual Tax Amount $10,094
Lot Size 1.560 Acres
Property Sub-Type Commercial Industrial
Property Description
Great opportunity with this 100 unit (78 heated and 22 not) mini-storage facility in Ocean Shores, Wa. Property also includes 30 fenced-in RV/boat storage spaces, 2 apartment rentals and an office. Owner has invested less than $1,000 annually into marketing. Currently yields nearly 5% CAP rate. Rents are being raised for first time in many years. Improved marketing and higher rents will boost net operating income and value. Facilities have been well maintained. Both apartments are one bedroom plus a bonus room. One apartment has w/d hookups and the other has a stacked w/d.
Location
State WA
County Grays Harbor
Area 194 - Ocean Shores
Interior
Interior Features Ceramic Tile, Concrete, Hardwood, Wall to Wall Carpet
Flooring Ceramic Tile, Concrete, Hardwood, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Roof Type Tile
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.