1031 Discovery Ave SE - Apartments FOR SALE


Ocean Shores, WA 98569
$2,900,000 USD
206-999-8767
1031 Discovery Ave SE, Ocean Shores, WA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/55
null | 6.95% Cap Rate

1031 Discovery Ave SE
Ocean Shores, WA 98569


HIGHLIGHTS

  • TURN-KEY ASSET - No major capital improvement needed
  • ATTRACTIVE UNIT MIX - Two-bedroom units are attractive to families in Ocean Shores

OVERVIEW

Discovery Shores is a 26-unit multifamily apartment complex located in the scenic coastal town of Ocean Shores, Washington. Built in 1968, this low-rise Class C building spans 26,000 square feet on a 2.68-acre lot, offering a mix of studio, one-bedroom, and two-bedroom units. The property is situated near the Ocean Shores Interpretive Center and the marina, with access to a freshwater canal system ideal for kayaking.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

26

PRICE/UNIT

$111,538

CAP RATE

6.95%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Discovery Shores

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

34

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,741 SF

ZONING

B1 Retail Commercial

APN/PARCEL ID

092900060203

ASK ABOUT THIS PROPERTY

Aimon HeffernanMarcus & MillichapMore Info
206-999-8767

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Aimon HeffernanMarcus & MillichapMore Info
206-999-8767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.