635 Water St $3,850,000

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    635 Water St Port Townsend, WA 98368

    • 0 Beds
    • 0 Baths
    • 0 sq.ft.
    • Multi-Family
    Listing# 1300032 | Active

    $3,850,000

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    Days On Market: 330 32 Views
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    Property Details

    Rare Historic Downtown Waterfront Building & Business Investment Opportunity! Own a piece of PT History w/ this successful turn-key hotel that maintains its old world charm yet the building is completely renovated. Built in 1889, this hotel features 20 rooms including 5 studio apartments, many with water VIEWS, outdoor decks & private or shared baths. Three established business retail spaces have tenants w/ 3 year leases. Possibilities abound w/ capacity for condos or private residences.

    • General Features
      • County Jefferson
      • Style 55-5-9 Units
      • Number of Stories 3
      • Number of Units 0
      • Year Built 1889
      • Lot Details Sidewalk
      • Lot Square Footage 5,663
      • Site Features Sprinkler System
      • View Bay, Mountain, Ocean, Sound
      • County1 Jefferson
    • Building Features
      • Approx SqFt 0
      • Roof Flat, Metal, Torch Down
      • Exterior Brick
      • Floor Covering Ceramic Tile, Fir/Softwood, Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $5,723
      • Net Operating Income $232,990
      • Gross Scheduled Income $431,702
      • Gross Adjusted Income $431,702
      • Total Expenses $198,712
      • Other Expenses $161,449
      • Insurance Expenses $9,030
      • Expenses $198,712
      • Heating Expenses $3,449
      • Electrical Expenses $5,498
      • Gross Rent Multiplier 9
    • Utilities and Taxes
      • Tax Year 2016
      • Tax Amount $13,448
      • Energy Source Electric, Propane
      • Heating and Cooling Radiator, Stove/Free Stdg, Wall
      • Water Company City of Port Townsend
      • Sewer Company Sewer Connected
    • Schools
      • School District Port Townsend #50
      • Senior High Port Townsend High
      • Junior High Blue Heron Mid
      • Elementary School Grant Street Elem

    Contact

    Karen Willcutt

    Sequim Office

    TOWN & COUNTRY Real Estate

    Direct: 360-406-0789

    Neighborhood

    98368 (Port Townsend) Demographics

    57Median Age
    291Population Density (per sq. mile)
    56%College Educated
    $48,738 Estimated Median Income
    4,955Estimated Total Home Owners
    2,204Estimated Total Renters
    69% / 31%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    15,478Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    33 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,850,000
        5/26/2018 3:53:00 PM New in Database Source

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        This property search is part of the Town & Country website. Listing information is courtesy of the WA-NWMLS and Town & Country. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

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