510 N Ocean Beach Blvd, Long Beach, WA 98631

Active

510 N Ocean Beach Blvd, Long Beach, WA 98631


Courtesy of: Mark Magee | Kelly Right RE of Seattle LLC
$456,000 Long Beach, WA 98631
  • 0.06 Acres
  • Pacific County

Key Features

  • MLS ID: 2309703
  • Year Build: 1940
  • Status: Active
  • Property Type: Residential Income
  • Area: 930 - South Pacific County
  • Exterior: ["Wood Products"]
  • Address: 510 N Ocean Beach Blvd , Long Beach, WA 98631
  • City: Long Beach
  • State: WA
  • Zip: 98631
  • County: Pacific

Description

Turnkey Rental Property! 2 Units, each apprx. 640sf. 100% occupancy for 5 years. Ground up remodeled incl foundation. Modest interiors feature new kitchens with dishwasher, bth rms, washers/dryers, ceiling fans. No builder-grade anything. Easy to maintain lot, off street parking, room for a garage or shelter, close to beach, downtown Long Beach business district and restaurants. Proven income producer, current cap rate of 3.75 but expenses currently include water, garbage, lawn svc and property management. Cap rate will rise w/a more hands-on landlord. Long term/stable tenant in 512 will stay if allowed. Split use as beach get-away for one unit and the other as rental is certainly possible. Your rental will mostly pay for your home!

Property Map

North or South on Pacific Avenue in Long Beach Wa. West on NW 6th to Ocean Beach Blvd. Property on SW corner.

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