Bought with Windermere Real Estate Whidbey
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11 Coveland Coupeville, WA 98239
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Key Details
Sold Price $1,495,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Coupeville
MLS Listing ID 1751884
Sold Date 05/28/21
Style 60 - Comm Bldg Und 10K
Year Built 1991
Annual Tax Amount $7,415
Lot Size 8,000 Sqft
Lot Dimensions 80 x 100
Property Sub-Type Commercial Industrial
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.
Location
State WA
County Island
Area 812 - Central Whidbey Island
Interior
Interior Features Ductless HP-Mini Split, Wall to Wall Carpet
Flooring Vinyl, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
Utilities Available Sewer Connected, Electric
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Lease Purchase
Listing Terms Cash Out, Lease Purchase
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