$1,150,000

8 Beds 8 Baths 4,664 SQFT 0.75 Acres
Type: Multi-Family

4617 Beach Drive E
Port Orchard, WA 98366

MLS#: 2559306
Presented by: Better Properties Kitsap; Gloria Mellon; 360-286-1129; gmellonre@gmail.com

Property Description

 

Looking for a great investment with positive cash flow? Here's your chance to own not just 1 duplex but 2 duplexes in this beautiful area of Beach Drive in Port Orchard! Each unit has 2BR & a full bath plus a very unexpected half bath for guests. The layout is great! Living, Dining, Kitchen, half bath & a super large storage space on the main floor and 2 BR, full Bath and Laundry below plus storage under stairs. Each has its own deck looking out to Sinclair Inlet where the WA State Ferries travel several times a day along with a multitude of marine life to see in their natural habitat. Having the bonus of a garage is also very attractive to tenants. There is no better price per unit in much of Kitsap than these 2 duplexes. Rental demand is high and inventory is low. These units have never stayed empty very long. Rent payments are below the current market rates. An investor could create a bigger cap rate and would truly benefit from these duplexes in their portfolios. Don't miss the amazing view!! Please NO drive-bys.


 

Interior Features

Bedrooms

Bedrooms Possible8
Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

AmenitiesThermal Windows
Building Area Units0 sqft
Cap Rate4.9
Carport Spaces0
Carport Y/NNo
CityPort Orchard
CoolingNone
CountyKitsap
DirectionsFrom B'town take Hwy 166, at roundabout follow Beach Dr to address on right. From Tacoma, HWY 16 to Sedgwick, go N (R) to Jackson turn L. Follow down Olney then R on Beach Dr to address on right.
Electric Expense0
Elementary SchoolBuyer To Verify
Energy EfficientThermal Windows
Fuel Expense0
Garage Spaces4
HOANo
HOA Fee$0
HeatingBaseboard, Wall Furnace
High SchoolBuyer To Verify
High School DistrictSouth Kitsap
Insurance Expense2700
Leasable Area4,664 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet32,670 sqft
Lot Size UnitsSquare Feet
MLS Area144 - Retsil/Manchester
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income57175
New ConstructionNo
Number Of Units Total4
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksLooking for a great investment with positive cash flow? Here's your chance to own not just 1 duplex but 2 duplexes in this beautiful area of Beach Drive in Port Orchard! Each unit has 2BR & a full ba
RoofComposition
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameWaterman
Tax Annual Amount$8,525
Tax Year2026
Units Below Gradefalse
Units In Building Total8
ViewBay, Mountains, Partial, Territorial
Water CompanyWest Sound
Water Sewer Garbage0
Year Built1980
Zoning DescriptionMulti-Family

Exterior

Building Area Total4,664 sqft
Covered Spaces4
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesDead End Street
Lot Size Acres0.75
Parking Uncovered Total4
Site FeaturesCable TV, Deck
Total Parking8
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School Buyer To Verify Middle School
Elementary School Buyer To Verify Elementary School
High School Buyer To Verify High School

  

Similar Properties

$1,150,000

8 Beds 8 Baths 4,664 SQFT 0.75 Acres
Type: Multi-Family

4617 Beach Drive E
Port Orchard, WA 98366

MLS#: 2559306