The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters and lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer and electric is in the rear lot.
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The average household income in
Port Townsend, WA
grew
from
$44,753
to
$50,330
in the past year. This data is an estimate based upon
4,454
households in
Port Townsend, WA. The chart below presents how household income is distributed in
Port Townsend, WA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $2k-$3k
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Port Townsend, WA
compared to median property taxes around the country. The prevalent amount of property taxes in
Port Townsend, WA
equals
$2k-$3k
, which is
less
than the national average.