Oak Harbor, WA 98277,39201 State Route 20
Listed by Westlake Associates, Inc. Louis Voorhees 
Bought with RE/MAX Gateway

$2,000,000

Est. payment /mo

$2,100,000

4.8%
Est.Price: ?

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39201 State Route 20 Oak Harbor, WA 98277

6,700 SqFt

SOLD DATE : 11/07/2023

Key Details

Sold Price $2,000,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,700 sqft

Price per Sqft $298

Subdivision Oak Harbor

MLS Listing ID 2126402

Sold Date 11/07/23

Style 55 - 5-9 Units

Year Built 1952

Annual Tax Amount $9,023

Lot Size 1.770 Acres

Property Sub-Type Multi-Family

Property Description

The Cottages at Oak Harbor is a community consisting of 9 stand-alone apartment homes nestled in a quiet park-like setting. The cottages are located just a short walk to Moran's Beach County Park, Hyde Beach, and Deception Pass. The Cottages are comprised of (7) 2 bed/1 bath homes and (2) 1 bed/1 bath homes built in 1952. The 2-bedroom homes measure between 700-800 SF and the 1-bedroom homes are 600 SF. Washer/Dryer in-unit, hardwood floors, large fenced yards with private decks. The property provides an investor with the unique opportunity to own a well-maintained asset in an inventory-constrained market located close to beaches. A new owner has the opportunity to raise rents 10% to market levels without upgrades to unit interiors.

Location

State WA

County Island

Area 813 - North Whidbey Island

Interior

Interior Features Hardwood

Flooring Hardwood

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Deck, Fenced-Fully, Fenced-Partially

View Y/N Yes

View Territorial

Roof Type Metal

Building

Lot Description Paved

Sewer Sewer Connected

New Construction No

Schools

School District Oak Harbor

Others

Senior Community No

Acceptable Financing Assumable, Cash Out, Conventional, See Remarks

Listing Terms Assumable, Cash Out, Conventional, See Remarks

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Northwest MLS (NWMLS)
Julie Hodges

Julie Hodges

Designated Broker | Real Estate Advisor | License ID: 25283

+1(425) 220-0617

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