782 Ocean Court Northwest, Unit 16
Ocean Shores, WA 98569
$1,399,950
Price
—
Beds
6,276 Sq. Ft.
$223 / Sq. Ft.
6,276
Sq. Ft.
$223
per Sq. Ft.
Listing provided courtesy of Torre Realty
Description
Seize the chance to own a thriving business in the bustling heart of Ocean Shores! This turnkey recently remodeled 6-plex, currently a short-term rental, boasts strong occupancy rates and excellent reviews, making it a standout investment. Surrounded by popular restaurants, diverse shopping and located just a 10-minute walk from the beach and near the Convention Center, this property is ideally positioned for maximum guest attraction. Each of the six units is thoughtfully decorated with unique themes:...Seize the chance to own a thriving business in the bustling heart of Ocean Shores! This turnkey recently remodeled 6-plex, currently a short-term rental, boasts strong occupancy rates and excellent reviews, making it a standout investment. Surrounded by popular restaurants, diverse shopping and located just a 10-minute walk from the beach and near the Convention Center, this property is ideally positioned for maximum guest attraction. Each of the six units is thoughtfully decorated with unique themes: Pirate, Egyptian, Enchanted Forest, Medieval, Viking, and Hawaiian. These distinctive designs ensure memorable stays, encouraging repeat bookings and positive word-of-mouth. Zoned Commercial B-1, the property allows for nightly rentals.
- Listed by Elena Pike • Torre Realty
Property Details for 782 Ocean Court Northwest, Unit 16
Community Name
Ocean Shores
School DistrictNorth Beach
ViewCity
Number of Assigned Spaces12
Total Covered Parking0
Entry Date06-26-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 10:40 AM
Property Details for 782 Ocean Court Northwest, Unit 16
| Status | Active |
|---|---|
| MLS # | 2253882 |
| Days on Market | 190 |
| Cumulative Days on Market | 190 |
| Taxes | $2,437 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1965 |
| Lot Size | 0.36 AC / 15,836 SF |
| County | Grays Harbor County |
Building Information for 782 Ocean Court Northwest, Unit 16
Stories2Residences6Year Built1965Building Size-Lot Size0.36 AC / 15,836 SF
Property Information for 782 Ocean Court Northwest, Unit 16
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Fenced-Partially, High Speed Internet
- Area: 194 - Ocean Shores
- Block: E
- Elementary School: Ocean Shores Elem
- Middle Or Junior School: North Beach Mid
- High School: North Beach High
- Directions: Enter gates of Ocean Shores, right on Ocean Shores Blvd, left on Capstan St NW, left on Ocean Ct.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
- Additional Tax Ids: 098700000200,098700000300,098700000400,098700000500,098700000600,C063604
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 12.0
- 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
- Features: Laminate
- Amenities: Coin Op Laundry,Playground,Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Metal
- Pool: Community
- Pool Type: Community
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 12035
- Power Company: Grays Harbor PUD
- Sewer Company: City of Ocean Shores
- Water Company: City of Ocean Shores
- 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
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 24
Lot Information
- Lot Details: Cul-De-Sac
- Lot Size Dimensions: 15836
- Lot Number: 28
- Lot Size Source: public info
- Parcel Number Free Text: 098700000100
- Building Condition: Good
- Calculated Square Footage: 6276
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6276.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 12
- Number of Stories in Building: 2
- Unit Number: 1-6
- Vacancy Rate: 35
- Number Of Units Total: 6
- Units Below Grade: false
- Units In Building Total: 6
Financing / Income and Expenses
- Electric Expense: $6,800
- Total Expenses: 137394
- Gross Adjusted Income: 260827
- Gross Rent Multiplier: 5.52
- Gross Scheduled Income: $260,827
- Insurance Expense: $1,979
- Net Operating Income: $123,433
- Other Expenses: $107,343
- Total Monthly Income: 21000
- Fuel Expense: $6,800
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6276.0
- Leasable Area Units: Square Feet
Property History for 782 Ocean Court Northwest, Unit 16
| 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.
Schools near 782 Ocean Court Northwest, Unit 16
This home is within North Beach School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Ocean Shores Elementary School PublicPK to 5 | ||
North Beach Middle School Public6 to 8 | ||
North Beach High School Public9 to 12 | ||
Pacific Beach Elementary School PublicPK to 5 |
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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Listing Courtesy of Torre Realty
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.
