133 Osprey Ridge Dr $855,000

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    133 Osprey Ridge Dr Port Ludlow, WA 98365

    • 1.12 Acres
    • Commercial/Industrial
    Listing# 1438904 | Pending Feasibility

    $855,000

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    Days On Market: 144 0 Views
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    Property Details

    Outstanding investment/development opportunity in Port Ludlow. Three existing 2 bedroom/ 2.5 bath condo units built in 1997 & 98, PLUS 1.2 acres with the potential for additional units. Zoned multi-family MPR. Six additional water and sewer taps paid for and included. Two units are month-to-month; one unit lease until 3/2020. Condos are mirror image, the photos are representative of all 3 units. Buyer should do feasibility with county to confirm additional development.

    • General Features
      • County Jefferson
      • Zoning Class Multi-Family, See Remarks
      • Zoning Jurisdiction County
      • Style 60-Comm Bldg Und 10K
      • Approx Building SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 10
      • Total Covered Parking 0
      • Lot Dimensions irregular
    • Building Features
      • Exterior Wood Products
      • Foundation Poured Concrete
      • Roof Composition
    • Property Features
      • Lot Square Footage 48,787
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 1185
      • Sewer Sewer Available, Sewer Connected
      • Sewer Company Olympic Water & Sewer
      • Power Company Jefferson PUD
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 3,448
      • Total Monthly Rent $3,400
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 0
      • Gross Scheduled Income $34,401
      • Gross Adjusted Income $34,401
      • Total Expenses $15,710
      • NOI $18,691
      • Electrical Expenses $0
      • Tax Expense $6,839
      • Heating Expense $0
      • Insurance Expense $220
      • Annual Assoc. Dues $0
      • Other Expenses $7,466
      • Tax Year 2018

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    Neighborhood

    98365 (Port Ludlow) Demographics

    63Median Age
    121Population Density (per sq. mile)
    45%College Educated
    $60,878 Estimated Median Income
    1,810Estimated Total Home Owners
    293Estimated Total Renters
    86% / 14%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    4,501Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $421,992 Median Sales Price
    24 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $855,000
        9/17/2019 8:11:31 PM Status Changed Source New Value: Pending Feasibility
        4/30/2019 9:21:00 AM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.