821 Bay StPort Orchard, WA 98366
Listing courtesy of Gary Anderson of G Anderson Group LLC




This property is a passive income lover's dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12 month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate of 7%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation.
3 months ago | Listing updated with changes from the MLS® | |
3 months ago | Listing first seen on site |
Listing courtesy of Gary Anderson of G Anderson Group LLC

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Last checked: 2025-04-17 11:34 PM PDT
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