Listing Provided Courtesy Of:
Westlake Associates, Inc. and NWMLS
Address
805 E 5th Street Port Angeles, WA
Price
$ 1,750,000
Property Attributes
  • ML#1669280
  • TypePending
  • CountyCLALLAM
  • CityPort Angeles
  • AreaNortheast Port A
  • NeighborhoodPort Angeles
  • Zip98362
  • Style10+ Units
  • Year Built1962
  • Taxes9406
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13750
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Westlake Associates, Inc. and NWMLS
Property Description

VALUE ADD! The Panorama Manor Apartments is a 23-unit value add play located near downtown Port Angeles. The Panorama is offered for sale with an in-place 6% Cap Rate. The five most recent 1x1 units have been renting at $795 plus $40 in utility bill back, and the highest in-place 2x1 is priced at $995. The loss to lease on current rents amounts to a stabilized Cap Rate of 8.55%. Market surveys suggest that the market rents for partially remodeled 1x1 range between $895-$950. Debt options avail.

Price History
9/26/2020 Listed $1,750,000

General Features

Amenities Coin Op Laundry
Exterior Features Cement/Concrete
Flooring Vinyl, Carpet
New Construction No
Property Type Residential Income
Sewer Sewer Connected
Standard Status Pending
Structure Type Multi Family
Subdivision Name Port Angeles
Total Units 23
Units Below Grade false
Units In Building Total 23

Interior Features

Fireplace Y/N No
Power Production Type Electric

Exterior Features

Building Area Total 13750
Lot Size Units Square Feet
Parking Uncovered Spaces 7
Total Parking 7

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 98362

Price
AVG $440K
$1.75M
Taxes
AVG $2,023
$9,406
Visits
AVG 7
7
Year Built
AVG 1970
1962
Walkscore
AVG 40
76
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.