527 E 1st St Port Angeles, WA 98362

Listing agency Seattle Office a***@marcusmillichap.com Show Phone

Listed by Aimon Heffernan · License #License(s): WA: 23029794 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 3:06AM

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Investment Insights

Based on property information with market context.

The Morning Apartments is a twelve-unit community located in Downtown Port Angeles. Constructed in 1953, the property has undergone significant improvements. The units have been freshly renovated, preserving the historic charm of wood cabinetry and hardwood floors. The community consists of nine one-bedroom, one-bathroom units averaging approximately 711 square feet, two two-bedroom, one-bathroom units averaging approximately 988 square feet, and one three-bedroom, one-bathroom unit of approximately 968 square feet. The apartment has two shared washers and two shared dryers. An incoming investor could potentially achieve over a 10% Cash-on-Cash return.

Key Highlights

• Potential for over 10% Cash‑on‑Cash return on day one.
• Units have been freshly renovated.
• Located in Downtown Port Angeles.

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FAQs

What type of property is this?

Apartment building - Twelve-unit apartment building in Downtown Port Angeles with recent renovations.

Where is this apartment building located?

The property is located at 527 E 1st St Port Angeles, WA.

What is the asking price?

The asking price for this property is $1,525,000.

What are key features of this property?

This property features: Potential for over 10% Cash‑on‑Cash return on day one.; Units have been freshly renovated.; Located in Downtown Port Angeles.