Fircrest Village Multi Family Site
Port Orchard, WA 98366
PORT ORCHARD, WA. - 111 MULTI SITE · Land For Sale
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4.00 AC
INVESTMENT HIGHLIGHTS
- 7%+ Annual Rent increases over last 8 years
- Relaxing Ferry Commute across Puget Sound to Downtown Seattle
- Strong demand for housing
PROPERTY FACTS
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 4.00 AC |
| Zoning | Commercial Multi |
DESCRIPTION
Hearing Examiner Approved for 111 residential units and 7,200 sf retail center in fast growing bedroom community to metropolitan Seattle. Retail Center property sold separately. Area of low vacancy rate and aggressive absorption rate. The need for apartments is strong and growing by the month. Hearing Examiner approved storm sewer design under the less restrictive regulations of 2014. Seller would entertain an equity position.
PROPERTY TAXES
| Parcel Number | 4601-000-023-05-03 | Improvements Assessment | $224,070 |
| Land Assessment | $334,250 | Total Assessment | $558,320 |
