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PENDING
Listing provided courtesy of Joseph Kinkopf, Westlake Associates, Inc..
Source NWMLS.
3621 Colonial Lane SE, Port Orchard, WA 98366
10
beds
6
baths
6375
ft2
· 19166
ft2 lot
$1,895,000
$297 / ft2
Colonial Meadows is a fully renovated 10 unit property located in Port Orchard. It has been fully repositioned with upside in rents. This property will require little to no heavy lifting upon purchase. Value may be added to the property with the addition of washers and dryers to the remaining five units.
HOA
$0/month
On market
2 months
Year built
1971
Property type
56 10+ Units,Multi Family
Parking
13
MLS
1732482
Price / Sq.Ft.
$297 / ft2
Status
Pending
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April
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Flyhomes Cash Offer
Based on a price of $1,895,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$14,213
$4,608
+$328/day
$9,605
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$14,213
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$14,213
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Discount Brokerage
$6,538
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$6,538
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$0
not offered
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Property Details
Interior Features & Layout
Heating Details
Baseboard
Unit 6 Beds
2
Unit 5 Beds
2
Unit 1 Baths
1.00
Unit 4 Beds
1
Unit 2 Baths
1.00
Unit 3 Baths
1.00
Unit 3 Beds
2
Unit 4 Baths
1.00
Unit 2 Beds
1
Unit 1 Beds
2
Unit 5 Baths
1.00
Unit 6 Baths
1.00
Property, Lot, Community & Exterior Features
Total Units In Building
10
Vacancy Rate
5
Zoning
Multi-Family
Lot Size Source
MLS Realist
Mls Prop Type
56 - 10+ Units, Multi-Family
Building Exterior Details
Wood Products
Uncovered Spaces
13
Zoning Type
City
Unit 6 Sqft
750
Unit 5 Sqft
750
Style
56 - 10+ Units
Unit 4 Sqft
550
Unit 3 Sqft
750
Roof
Composition
Unit 2 Sqft
550
Unit 1 Sqft
750
Mls Property Type
Multi-Family
Unit 1 Details
10
Unit 2 Details
9
Unit 3 Details
8
Unit 4 Details
7
Number Stories
2
Unit 5 Details
6
Unit 6 Details
5
Utilities & Other Information
Water / Sewer / Garbage
14500
Energy Source
Electric
Sewer
Available
Listing Details, Costs & Financing Information
Insurance Expenses
2378
Form 17
Not Provided
Possession
Closing
Buyer's Agent Commission
2
Terms
Cash Out, Conventional
Right Of First Refusal
Right Of First Refusal
Net Operating Income
101085
Monthly Rent Unit 1
1295
Other Expenses
24186
Monthly Rent
13485
Monthly Rent Unit 2
1150
Gross Rent Multiplier
12
Monthly Rent Unit 3
1295
Cap Rate
5.33
Monthly Rent Unit 4
1195
Monthly Rent Unit 5
1325
Monthly Rent Unit 6
1352
Tax Year
2021
Sale Type
MLS
Status
Pending
Gross Scheduled Income
161820
Taxes
11579
Operating Expense
52644, 52644
Preliminary Title Ordered
Preliminary Title Ordered
Apn
47640010080008
Gross Adjusted Income
153729
School Neighborhood & Directions
Directions
On WA-16 W, take the WA-160 E/Sedgwick Rd exit and turn right. Turn left onto Bethel Rd SE. Turn right onto SE Salmonberry Rd. Turn left onto Colonial Ln SE. Property is on the right.
Details provided by NWMLS and may not match the public record.The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 17, 2021 11:10pm
Neighborhood snapshot
43
Properties for sale
5
Median days on market
$232.11
Median sold price/sqft
102.99%
Sold/List %
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Property History
03/19/2021
03/19/2021
NWMLS #1732482
pending
NWMLS #1732482
$1,895,000
02/26/2021
02/26/2021
NWMLS #1732482
pending
NWMLS #1732482
$1,895,000
02/19/2021
02/19/2021
NWMLS #1732482
active
NWMLS #1732482
$1,895,000
+48.63%
02/12/2020
02/12/2020
Public Record
sold
Public Record
$1,275,000
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Courtesy of NWMLS
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