SW facing 12plex with passive solar overhangs / Harbor and Olympic mountain views / 1 acre of buildable unobstructed south slopped land / zoned for more units 24+ / Across the street from more park land, public library and Skagit Valley college. / short walk to the marina with public docks, a beach trail to the harbor point and newly renovated down town shops. / Short drives to several state parks where you can catch salmon off the beach / new e-star windows / glass railing decks / new cement board siding / Nine 2 bedroom/1 bath units, approximately 850 square feet. Three 1 bedroom/1bath units, approximately 750 square feet. Laundry room on site. / Easily rentable... we have maintained full rents unless by choice. We leave one open for renovation and one for family/manager residence. Full leases would furnished for a serious offer. With full rental the property generates about 100,000 a year minus your mortgages, property tax and maintenance . Current 850sq apt. are evenized at 725 + 70wsg and 750sq at 675 +70wsg. The 3 year projection for the Navy in Oak Harbor is a 20+% growth. This is a developers dream or a on site owner who wants smaller island living with a self sustaining property. Owned by a small family group that is hesitant to sell, happy to maintain it but willing for the right offer. The taxation value of the property has been reduced through owner efforts affecting the valuation of the property. It's value is primarily in the potential, but also happens to be healthy profitable and self sustaining as is. (pics are older... some improvements have since been made)
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