1532 West Sims Way
Port Townsend, WA 98368
$1,750,000
Price
—
Beds
7,468 Sq. Ft.
$234 / Sq. Ft.
7,468
Sq. Ft.
$234
per Sq. Ft.
Listing provided courtesy of John L. Scott, Inc.
Description
The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting....The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer & electric is in the rear lot.
- Listed by Steven E Kraght • John L. Scott, Inc.
Property Details for 1532 West Sims Way
Community Name
Port Townsend
School DistrictPort Townsend #50
ViewCity, Mountain(s), Sound, Strait
Number of Assigned Spaces15
Total Covered Parking0
Entry Date03-09-2023
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/21/2024 10:31 AM
Property Details for 1532 West Sims Way
| Status | Active |
|---|---|
| MLS # | 2043549 |
| Days on Market | 657 |
| Cumulative Days on Market | 653 |
| Taxes | $9,554 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1948 |
| Lot Size | 0.62 AC / 27,007 SF |
| County | Jefferson County |
Building Information for 1532 West Sims Way
Stories2Residences8Year Built1948Building Size-Lot Size0.62 AC / 27,007 SF
Property Information for 1532 West Sims Way
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Deck, Outbuildings
- Area: 480 - Port Townsend
- Effective Year Built Source: See Remarks
- Directions: 1532 W. Sims Way
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 15.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Carpet
- Features: Laminate, Wall to Wall Carpet
- Amenities: Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: Yes
Exterior Features
- Exterior: Wood
- Roof: Metal
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5930
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Commercial
- First Right Of Refusal: false
- Possible Use: Commercial
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1990
- Photos Count: 19
Lot Information
- Lot Details: Paved
- Lot Size Dimensions: 100 x 270
- Lot Size Source: Public Records
- Parcel Number Free Text: 948325101
- Building Condition: Very Good
- Calculated Square Footage: 7468
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 7468.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 15
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 8
- Units Below Grade: false
- Units In Building Total: 8
Financing / Income and Expenses
- Electric Expense: $5,185
- Total Expenses: 35334
- Gross Adjusted Income: 119172
- Gross Rent Multiplier: 14
- Gross Scheduled Income: $119,172
- Insurance Expense: $8,515
- Net Operating Income: $83,838
- Other Expenses: $6,150
- Total Monthly Income: 10306
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Owner
- Leasable Area: 7468.0
- Leasable Area Units: Square Feet
Property History for 1532 West Sims Way
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1532 West Sims Way
Taxable ValueLand$615,885Additions$493,649Total$1,109,534
Tax Record2023$9,951 ($829 / month)
Home Facts
Total Finished SqFt7,637 SqFtAbove Ground SqFt7,637 SqFtLot Size27,007 SqFtStyleFinancial BuildingZoningC-IICountyJEFFERSONAPN948325101
Schools near 1532 West Sims Way
This home is within Port Townsend School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Salish Coast Elementary PublicPK to 5 | ||
Blue Heron Middle School Public6 to 8 | ||
Port Townsend High School Public9 to 12 | ||
Ocean K-12 PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of John L. Scott, Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
