Map of Property

Seabreeze Apartments

For Sale

3125 N OAK HARBOR RD, Oak Harbor, WA 98277

This Oak Harbor property for sale is located at 3125 N OAK HARBOR RD. The current listed sale price for Seabreeze Apartments is $3,795,000. Seabreeze Apartments is situated on a lot that is 1.61 acre in size.

Contacts

broker

Brian Richardson

Kidder Mathews

(425) 450-1123

Property Details

  • Property Type Multi-Family
  • Property Size 17,543 SF
  • Units 29
  • Lot Size 1.61 Acre
  • Cap Rate % 6.45
  • Year Built 1962
  • Date Updated Apr 24, 2024

Seabreeze Apts. is a value-add opportunity with an estimated 33.0% increase in rent available at a 6.45% Cap Rate on current income & expenses. The property is well maintained and a significant amount of capital improvements have been done such as a commercial-grade TPU roof, repaved the parking lot, a new stair system, new septic, replaced appliances and H2O heaters, and much more. This opportunity offers an investor a 6.55% cash-on-cash return on current income and expenses, an estimated 33.0% increase in rents or higher, the ability to increase the utility bill back and laundry revenue sources, and add more revenue sources such as non-refundable move-in fees or pet rent.

 

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Getting around

  • 19/100

    Walk Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Oak Harbor, WA
  • Zip Code 98277
  • Market Seattle

Points of Interest

  • 76

    1.26 miles

  • Shell

    1.33 miles

  • 7-Eleven

    1.42 miles

  • Arco

    1.92 miles

  • Safeway Fuel Station

    2.42 miles

  • 7-Eleven

    2.59 miles

  • NEX Fuel Station

    2.87 miles

  • Seabolt's at Deception Pass Gas

    4.81 miles

  • Harold's Market

    7.67 miles

  • Mobil

    7.85 miles

  • Oak Harbor Park and Ride

    1.29 miles

  • Joseph Whidbey Upper parking

    2.28 miles

  • Soundview Shopper Park and Ride

    3.61 miles

  • Pass Lake Boat Launch

    6.49 miles

  • Coupeville Prairie Station Transit Park

    7.98 miles

  • Senior Parking Lot

    8.17 miles

  • School Parking

    8.22 miles

  • Bus Lot

    8.26 miles

  • Boat Launch Parking

    8.33 miles

  • Auld Holland Inn

    1.13 miles

  • Candlewood Suites - Oak Harbor

    1.17 miles

  • Best Western Plus - Harbor Plaza

    1.19 miles

  • Coachman Inn

    1.26 miles

  • Sandpiper Haven

    6.38 miles

  • The Coupeville Inn

    7.28 miles

  • Anchorage Inn Bed & Breakfast

    7.31 miles

  • Captain Whidbey Inn

    7.72 miles

  • Hotel Planter

    8.54 miles

  • Lake Campbell Lodging

    8.69 miles

  • Saar's Marketplace

    1.78 miles

  • Haggen Food & Pharmacy

    2.37 miles

  • Walmart

    2.41 miles

  • Safeway

    2.57 miles

  • NEX Navy Exchange

    2.86 miles

  • Commissary

    2.98 miles

  • Soundview Shopper

    3.65 miles

  • Prarie Center Market

    8.13 miles

  • Pioneer Market

    8.87 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brian Richardson

Kidder Mathews

(425) 450-1123