840 Anchor Avenue #1-8 | NWM2181008 | Prime Alliance Real Estate Services

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Listing provided courtesy of North Beach Realty OS LLC - MLS#NWM2181008MLS Provider

840 Anchor Avenue #1-8Ocean Shores, WA 98569

Multi-Family · 3,352 Sq. ft. | 0.20 Acres

$795,000 Active

Overview

Time on Site:
10 days
Visits:
0

amazing opportunity to own this investment property. 8 units, 7 studios and 1 unit a coin-op laundry, Property is commercial zoned, can be used for nightly rentals, The building is in good condition, Close to downtown, providing convenient access to various amenities., including beaches. Each Unit is 372 sqft. with small kitchenettes, and 3/4 Baths. Great income generating property.

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Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,352
  • Price/Sq.ft. $237
  • Lot 0.20 Acres

General

Association/HOA
  • Association Fee: $0.00
School Information
  • School District: North Beach
  • Elementary School: Ocean Shores Elem
  • Middle Or Junior School: North Beach Mid
  • High School: North Beach High
Income/Expenses
  • Other Expense: 0
  • Electric Expense: 4200
  • Fuel Expense: 0
  • Gross Scheduled Income: 63000
  • Insurance Expense: 0
  • Net Operating Income: 48592
  • Total Expenses: 14408.06
  • Total Monthly Income: 5250000
  • Water/Sewer/Garbage: 6557
Building Information
  • Building Name: 1
  • New Construction: No
  • Year Built: 1997
Location/Region
  • Country: US
  • County Or Parish: Grays Harbor
  • MLS Area Major: 194 - Ocean Shores
  • Subdivision Name: Ocean Shores
Community/Development
  • Amenities: Coin Op Laundry
Tax Information
  • Tax Annual Amount: $3,651.06
  • Tax Year: 2023
General Information
  • Buyers Agent Compensation: 2.5
  • Parcel Number: 090100406600
  • Possible Use: Multi-Family
  • Property Condition: Average
  • Property Sub Type: Multi-Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning Class: Multi-Family

Interior

Building Interior
  • Building Area Total: 3352
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3352
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
General Information
  • Cooling: No
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Interior Features: Ceramic Tile, Wall to Wall Carpet, Laminate
  • Leasable Area: 2604
  • Leasable Area Units: Square Feet
  • Living Area: 0
  • Living Area Units: Square Feet
  • Power Production Type: Electric
  • Stories Total: 2
Unit Information
  • Unit Number: 1-8

Exterior

Parking Information
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Total: 8
  • Parking Uncovered Spaces: 8
Lot Information
  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 0.2044
  • Lot Size Dimensions: 55x129x79x128
  • Lot Size Square Feet: 8902
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public
Waterfront/View
  • Waterfront: No
Building Exterior/Construction
  • Roof: Composition
  • Structure Type: Multi Family
General Information
  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Cement Planked, Wood Products
  • Number Of Units Total: 8
  • Sewer: Sewer Connected

Unit Information

Unit Details
  • Beds Total: 0
  • Baths Total: 1

Neighborhood

Community

98569 (Ocean Shores) Demographics
62
Median Age
168
Population Density (per sq. mile)
30%
College Educated
$47,399
Estimated Median Income
2,674
Estimated Total Home Owners
739
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
1
Public
Ocean Shores Elementary
  • Grades: PK - 5
  • Enrollment: 295
Middle Schools
1
Public
North Beach Junior High School
  • Grades: 6 - 8 /
  • Enrollment: 103
High Schools
2
Public
North Beach Senior High School
  • Grades: 9 - 12 /
  • Enrollment: 199
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$424,177
Median Sales Price
$292
Median Price per Square Foot
240
Properties Sold
30
New on Market
100
Average Days on Market
152
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
11/20/2023Source: NWMLS Added to Database
November 20, 2023
8/4/2022Source: NWMLS Added to Database
June 01, 2021