940 Water St

Port Townsend, WA 98368
$2,995,000
  • 14,190 Sq. Ft.
  • 1889 Year Built
  • 0.13 Acres

Property Highlights

Neighborhood:
Port Townsend
Acreage:
0.13 acres

Listing Courtesy of Northwest MLS / Kidder Mathews

Pending
1/7 PHOTOS
  • Property Description
    Located in an Opportunity Zone, the James & Hasting Building is an 1889-built, four-story brick and stone structure with magnificent architectural aesthetics. The property benefits from a profitable operation history with long-term tenants and very low turnover, and residents enjoy their walkable location near many of the town's neighborhood shops/restaurants. Likely 6% cash-on-cash return and 7% cap based on current rents and expenses. Likely financeable with just 25% down.
  • Property Details
    • MLS ID:
      1501609
    • Area:
      Port Townsend
    • Building Name:
      James & Hastings
    • Community:
      Downtown
    • County:
      Jefferson County
    • Elementary School:
      Salish Coast Element
    • High School:
      Port Townsend High
    • Interior Square Footage:
      14,190
    • Junior High School:
      Blue Heron Mid
    • Lot Size:
      0.13 acres
    • Lot Style:
      Corner Lot, Curbs, Paved Street, Sidewalk
    • Property Type:
      Multi-Family
    • Status:
      Pending
    • Year Built:
      1889
  • Additional Highlights
    • Exterior:
      Brick
    • Gross Income:
      $282,996
    • Heating / Cooling:
      Baseboard
    • Roofing:
      Flat, Torch Down
    • View:
      Bay, Partial
    • Water Source:
      Public
    • Water/Sewer/Garbage:
      23035
    • Zoning:
      Commercial, Multi-Family
  • Amenities
    • Amenities:
      Basement, Coin Op Laundry, Storage
  • Taxes and Fees
    • Taxes (Est):
      $13,616
    • Taxes (Year):
      2019
    • Total Operating Expense:
      $73,951

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Location

940 Water St, Port Townsend Washington, 98368 United States

Port Townsend Neighborhood

Price Range :
$140K-$1.8M

Port Townsend

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940 Water St, Port Townsend Washington, 98368 United States

Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.

Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.