3125 N Oak Harbor Rd | Oak Harbor, WA 98277
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- LoopNet Team
3125 N Oak Harbor Rd
Oak Harbor, WA 98277
Seabreeze Apartments · Multifamily Property For Sale
·
29 Units
INVESTMENT HIGHLIGHTS
- Value-add opportunity with a well-maintained, beautifully manicured Oak Harbor apartment complex.
- Scenic island off of Seattle MSA offering strong cash-on-cash return with potential for an additional 30th unit.
- Since 2019, median rents have increased over 33.20% in the greater Island County market
- 29-unit multi-family investment opportunity with ability to increase rents by 15.10% immediately.
- High demand from renters looking for lower living costs with no new construction for multi-family.
- Strong rental pool with nearby Naval Air Station Whidbey Island and high demand from renters looking for lower living costs.
PROPERTY FACTS
| No. Units | 29 | Building Size | 17,543 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 1.61 AC | ||
| Zoning | 10 | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.61 AC |
| Building Size | 17,543 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | 10 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Smoke Free
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
- Online Services
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | $940.00 | 500 |
| 1+1 | 14 | $1,045 | 600 |
| 2+1 | 6 | $1,200 | 700 |
PROPERTY TAXES
| Parcel Number | R13326-444-0700 | Improvements Assessment | $1,346,545 |
| Land Assessment | $1,753,290 | Total Assessment | $3,099,835 |
PROPERTY TAXES
Parcel Number
R13326-444-0700
Land Assessment
$1,753,290
Improvements Assessment
$1,346,545
Total Assessment
$3,099,835
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