The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer & electric is in the rear lot.
Port Townsend is located in Washington. Port Townsend, Washington has a population of 10,002. Port Townsend is more family-centric than the surrounding county with 21.99% of the households containing married families with children. The county average for households married with children is 16.99%.
The median household income in Port Townsend, Washington is $54,907. The median household income for the surrounding county is $59,968 compared to the national median of $69,021. The median age of people living in Port Townsend is 57.1 years.
The average high temperature in July is 71.8 degrees, with an average low temperature in January of 36.1 degrees. The average rainfall is approximately 22.9 inches per year, with 2.1 inches of snow per year.