49 NE Torval Canyon Rd, Poulsbo, WA 98370

Price: $2,990,000
SOLD: $2,835,000 1 / 10 Marketing Remarks Fully renovated 18 unit apartment complex located blocks from historic Downtown Poulsbo. Each unit has recently refurbished flooring, cabinetry, countertops, finishes, lighting, appliances and fixtures. The kitchens have high quality appliances and each unit has its own washer and dryer. In addition to ample open parking, the grounds consist of a storage locker facility and a “Big Toy” play set. Additional parcel included for new development of 5 units Broker Remarks Sale also includes additional parcel (F152527562200) for future development. Marketing package attached as additional broker remarks. Contact brokers for showing information. Showing Info: Appointment, Call Listing Office Offers: Seller intends to review offers upon receipt Directions: From the Kingston/Edmonds Ferry go west on WA 104 W. Straight onto Bond Rd NE WA 307. Left on Front st Ne. Left on NE Torval Canyon Rd. Property is on the right. Broker/Brokerage Information Broker: Travis Andrews Broker Phone: (425) 442-2220 Office: Paragon Real Estate Advisors Office Phone: (206) 623-8880 Firm Document Email: contracts@paragonrea.com Office Fax: (206) 623-7435 Co-Broker: Eric P. Smith Co-Broker Phone: (206) 623-6077 Co-Office: Paragon Real Estate Advisors Co-Office Phone: (206) 623-8880 Commission: 2.5 Commission Comments: Owner/Occupant Information Owner Name: Poulsbo Torval LLC Occupant Name: Owner Name 2: Owner Phone: (000) 000-0000 Owner City: Seattle, WA Occupant Type: Tenant Phone to Show: (206) 812-9121 General Information Property Type: Multi-Family TaxID: 15260111472000 County: Kitsap State: Washington SqFt: 14,764 Price/SqFt: $192.02 Lot Size: 1.680 ac/73,181 sf Lot Size Source: County Year Built: 1983 Effective Yr Blt/Src: List Date: 02/21/2019 Expir Date: Total Garage Parking: 0 Total Carport Parking: 0 Total Uncovered Parking: 36 Total Num Parking Spaces: 36 Roof: Composition Foundation: Poured Concrete School District: North Kitsap #400 School District Websites Additional Property Information Annual Taxes: $20,887 Tax Year: 2018 Preliminary Title Ordered: Yes Form 17: Provided Prohibit Blogging: Yes Bank/RE Owned: No Auction: No Right of First Refusal: FIRPTA: Common Interest Cmty: No Possession: Closing, Sub. Tenant's Rights Map Book: GMC\RRunner - Kitsap Map Page/Coord: 11, d1 3rd Party Approval Required: None Building/Site Information Style Code: 56 - 10+ Units Building Name: Zoning Jurisdiction: General Zoning Class: Multi-Family Total Num of Units: 18 Num of Stories in Build: 2 Units Below Grd: No Building Condition: Total Rentable SqFt: 14,764 New Construction: No New Construction State: Sewer: Sewer Connected Exterior: Wood, Wood Products Leased Items: None Potential Terms: Cash Out Financial Information Annual Dues: Vacancy Rate: 5% Cap Rate: 5.56% Gross Rent Mult: 11% Insurance Expenses: $4,247 Heating Expenses: Gross Scheduled Inc: $259,184 Additional Monthly Inc: $334 Water/Sewage/Garbage: $10,934 Other Expenses: $41,295 Gross Adjused Inc: $246,225 Total Monthly Inc: $21,599 Electric Expenses: Total Expenses: $62,610 Net Operating Inc: $168,861 Unit Information Unit #: 18 Bedrooms: 2 Bathrooms: 1.5 SqFt: 946 Rent: $1,250 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 17 Bedrooms: 1 Bathrooms: 1 SqFt: 590 Rent: $950 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 16 Bedrooms: 1 Bathrooms: 1 SqFt: 590 Rent: $1,150 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 15 Bedrooms: 1 Bathrooms: 1 SqFt: 590 Rent: $995 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 14 Bedrooms: 1 Bathrooms: 1 SqFt: 590 Rent: $995 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 13 Bedrooms: 2 Bathrooms: 1.5 SqFt: 946 Rent: $1,150 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 12 Bedrooms: 3 Bathrooms: 1.5 SqFt: 1,146 Rent: $1,400 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 11 Bedrooms: 2 Bathrooms: 1 SqFt: 766 Rent: $1,075 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 10 Bedrooms: 2 Bathrooms: 1 SqFt: 766 Rent: $1,150 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 9 Bedrooms: 2 Bathrooms: 1 SqFt: 766 Rent: $1,150 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 8 Bedrooms: 2 Bathrooms: 1 SqFt: 766 Rent: $1,250 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 7 Bedrooms: 3 Bathrooms: 1.5 SqFt: 1,146 Rent: $1,350 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 6 Bedrooms: 3 Bathrooms: 1.5 SqFt: 1,146 Rent: $1,350 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 5 Bedrooms: 2 Bathrooms: 1 SqFt: 766 Rent: $1,150 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 4 Bedrooms: 2 Bathrooms: 1 SqFt: 766 Rent: $1,250 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 3 Bedrooms: 2 Bathrooms: 1 SqFt: 766 Rent: $1,250 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 2 Bedrooms: 2 Bathrooms: 1 SqFt: 766 Rent: $1,150 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Unit #: 1 Bedrooms: 2 Bathrooms: 1.5 SqFt: 946 Rent: $1,250 Range/Oven: Yes Refrigerator: Yes Dishwasher: Yes Washer/Dryer: Yes # Fireplace(s): 0 Utility Information Energy Source: Electric Heating/Cooling Type: Wall Selling Information Pending Date: 04/01/2019 Original Price: $2,990,000 List Price: $2,990,000 Sold Date: 06/20/2019 Sold Price: $2,835,000 Sold Price % List Price: 94.82% Financing: Other Purchaser: . Buyer Broker: Non Member ZDefault
Address: 49 NE Torval Canyon Rd
City: Poulsbo
State: WA
Zip: 98370
MLS#: 1414163