461 SE Midway Blvd $1,800,000

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    461 SE Midway Blvd Oak Harbor, WA 98277

    • 0 Beds
    • 0 Baths
    • 8,153 sq.ft.
    • Multi-Family
    Listing# 1306782 | Active

    $1,800,000

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    Days On Market: 445 3 Views
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    Property Details

    Great investment on Whidbey Island! Two parcels! Motel in town consists of 16 units, fully furnished with full kitchens, plus a managers apartment with 1,195 sq ft., 2 beds, 1 bath, kitchen, Gas stove and AC, living room, office and laundry. 4 Storage units. Well maintained. Can be used as motel, extended stay, or apartments (separate utility meters).Addtl 1/2 acre vacant parcel (zoned C1) provides opportunity for addl devlpmnt incl R/O. Utilities in street. Access from Midway or 4th Ave.

    • General Features
      • County Island
      • Style 56-10+ Units
      • Number of Stories 4
      • Number of Units 16
      • Year Built 1951
      • Lot Dimensions 25620
      • Lot Details Corner Lot, Open Space, Paved Street, Sidewalk
      • Lot Square Footage 50,820
      • Site Features Cable TV, Fenced-Fully, High Speed Internet, Outbuildings
      • County Island
    • Building Features
      • Approx SqFt 8,153
      • Roof Compostion
      • Exterior Brick, Wood, Wood Products
      • Amenities Storage
      • Floor Covering Laminate Tile, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $20,085
      • Net Operating Income $148,191
      • Gross Scheduled Income $243,420
      • Gross Adjusted Income $231,249
      • Total Expenses $83,058
      • Other Expenses $49,913
      • Insurance Expenses $6,841
      • Expenses $83,058
      • Heating Expenses $6,600
      • Electrical Expenses $4,800
      • Gross Rent Multiplier 7
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $5,449
      • Energy Source Electric, Natural Gas
      • Heating and Cooling Forced Air, Wall
      • Water Company City of Oak Harbor
      • Sewer Company Sewer Connected
    • Schools
      • School District Oak Harbor
      • Senior High Buyer To Verify
      • Junior High Buyer To Verify
      • Elementary School Buyer To Verify

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    Neighborhood

    98277 (Oak Harbor) Demographics

    34Median Age
    673Population Density (per sq. mile)
    39%College Educated
    $53,335 Estimated Median Income
    8,169Estimated Total Home Owners
    7,478Estimated Total Renters
    52% / 48%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    37,932Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $308,169 Median Sales Price
    81 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: $1,800,000
        6/6/2018 7:03:00 PM 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.