Map of Property

Seabreeze Apartments Listing Details & Market Data

3125 N OAK HARBOR RD, Oak Harbor, WA 98277

  • For Sale $3,795,000
  • 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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Contacts

broker

Brian Richardson

Kidder Mathews

(425) 450-1123

Location

Getting Around

  • Walk Score ®

    Car-Dependent (19)

  • Bike Score ®

    Somewhat Bikeable (36)
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  • 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

  • Soundview Shopper

    3.66 miles

  • Seabolt's at Deception Pass Gas

    4.81 miles

  • Harold's Market

    7.67 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

  • China City

    1.19 miles

  • Zorba Restaurant

    1.28 miles

  • Frank's Place Family Dining

    1.29 miles

  • Arby's

    1.34 miles

  • McDonald's

    1.37 miles

  • Taco Bell

    1.40 miles

  • Kau Kau Corner

    1.42 miles

  • Flyers Restaurant & Brewery

    1.69 miles

  • Subway

    1.76 miles

  • Jack in the Box

    1.76 miles

  • Oak Harbor High School

    1.64 miles

  • North Whidbey Middle School

    1.68 miles

  • Oak Harbor Christian School

    1.70 miles

  • Hillcrest Elementary School

    1.84 miles

  • Oak Harbor Elementary School

    1.89 miles

  • Broad View Elementary School

    2.05 miles

  • Oak Harbor Middle School

    2.06 miles

  • Oak Harbor Seventh Day Adventist School

    2.08 miles

  • Skagit Valley College Whidbey Island Campus

    2.56 miles

  • Crescent Harbor Elementary School

    2.94 miles

  • Susan M. Edwards-Wilbur Early Education Center

    8.67 miles

Contact Listing Broker

broker

Brian Richardson

Kidder Mathews

(425) 450-1123