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    11 Coveland

    Coupeville, WA 98239
    • $1,495,000
    • STATUS: Pending Feasibility
    • ON SITE: 12 days
    • ID#: 1751884
    Under Contract
    UPDATED: 40 min ago
    $1,495,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1991
    County:

    School Ratings & Info

    Listing Courtesy of Windermere Real Estate Whidbey.

    Description

    Excellent investment opportunity. Terrific water view location in historic downtown Coupeville with great traffic and ideal location for hospitality. This one is legitimately turn-key, fully occupied mixed use building with four legal nightly rental units operating at very high occupancy. Great income generator, building in great condition with many recent updates including, interior/exterior paint, new roof, new heat pumps, new heat pump hot water system, all new furniture and decor. Property comes fully furnished with scores of reservations already on the books for the upcoming peak season. Lower level is fully leased to office/retail tenants on solid long term leases. High occupancy, net income = $135K/year.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-04-18T18:14:29.193.

    www.thekendratoddgroup.com/homes/115766487
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    11 Coveland Coupeville, WA 98239

    • Price: $1,495,000
    • Status: Pending Feasibility
    • Updated: 40 min ago
    • ID#: 1751884
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1991
    Built
    Neighborhood:
    Coupeville
    County:
    Island
    Area:
    Central Whidbey Island
    Property Description
    Excellent investment opportunity. Terrific water view location in historic downtown Coupeville with great traffic and ideal location for hospitality. This one is legitimately turn-key, fully occupied mixed use building with four legal nightly rental units operating at very high occupancy. Great income generator, building in great condition with many recent updates including, interior/exterior paint, new roof, new heat pumps, new heat pump hot water system, all new furniture and decor. Property comes fully furnished with scores of reservations already on the books for the upcoming peak season. Lower level is fully leased to office/retail tenants on solid long term leases. High occupancy, net income = $135K/year.
    Exterior Features

    Carport YN No Covered Spaces 0 Exterior Features Wood Products Foundation Details Poured Concrete Open Parking YN No Parking Total 14 Parking Uncovered Total 14 Roof Composition Site Frontage 80 Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

    Interior Features

    Ceiling Height 8 Cooling YN Yes Fireplace YN No Flooring VinylVinyl PlankCarpet Furnished Unfurnished Heating Cooling Type Ductless Hp-Mini SplitWall Heating YN Yes

    Property Features

    Building Features Disabled AccessSignage Included Electric Expense 1663 Electric On Property YN No Expansion Area False First Right Of Refusal False Gross Adjusted Income 173881 Gross Scheduled Income 173881 Insurance Expense 2951 Irrigation Water Rights YN No Listing Terms Cash OutLease/Purchase Net Operating Income 134856 Possible Use Commercial Power Production Type Electric Property Condition Very Good Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 7415 Tax Year 2021 Total Expenses 39025 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 2008 Water Source Public Zoning Class Commercial Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Kendra Todd Group at Keller Williams and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-04-18T18:14:29.193.

     
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    The Kendra Todd Group at Keller Williams
    1307 N. 45th Street Suite 300
    Seattle WA, 98103
    Listing Courtesy of Windermere Real Estate Whidbey.