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Bayview Apartments 306 W 1st St

12 Unit Apartment Building $1,842,640 CAD ($153,553 CAD/Unit) 5.22% Cap Rate Port Angeles, WA 98362

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Executive Summary

Own a piece of Port Angeles history! Bayview Apartments has been a landmark in downtown Port Angeles since 1921. With 12 units there is
constant cashflow and these units are in high demand and rent instantly. The yearly income is over $148K and the current owners have
spent the last seven years going through the units and doing repairs and upgrades. At this point, the building is in great shape and future
expenses should be minimal. The unfinished bottom story provides an opportunity to expand the building by 50% without a lot of expense
meaning that cashflow can easily increase with some additional investment.

Marketing Brochure/Flyer

Property Facts

Price	$1,842,640 CAD	Apartment Style	Low Rise
Price Per Unit	$153,553 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.16 AC
Cap Rate	5.22%	Building Size	11,856 SF
No. Units	12	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1921/2023
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,842,640 CAD
Price Per Unit	$153,553 CAD
Sale Type	Investment
Cap Rate	5.22%
No. Units	12
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.16 AC
Building Size	11,856 SF
No. Stories	3
Year Built/Renovated	1921/2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.