306 W First Street

Port Angeles, WA 98362

  • Bed

  • Bath

  • 11856 SqFt

  • 193 DOM

  • Built: 1921

  • Status: Active

$1,299,950

X

306 W First Street

Port Angeles 98362

$1299950

  • Bed

  • Bath

  • 11856 SqFt

  • 193 DOM

  • Built: 1921

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

Own a piece of Port Angeles history! Bayview Apartments has been a landmark in downtown Port Angeles since 1921. With 12 units there is constant cashflow and these units are in high demand and rent instantly. The yearly income is over $158K and the current owners have spent the last seven years going through the units and doing repairs and upgrades. At this point, the building is in great shape and future expenses should be minimal. The unfinished bottom story provides an opportunity to expand the building by 50% without a lot of expense meaning that cashflow can easily increase with some additional investment. Lot to the West is also available for sale separately

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