940 Water St, Port Townsend, WA 98368
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.
Broker: Dan Swanson
Office: Kidder Mathews
Property Details
SOLD: $2,835,000
Address: 940 Water St
City: Port Townsend
State: WA
Zip: 98368
MLS#: 1501609
Beds: n/a
Baths: n/a
Square Feet: n/a
Garage: n/a
Year Built: n/a
Status: Active
Baths: n/a
Square Feet: n/a
Garage: n/a
Year Built: n/a
Status: Active