Oak Harbor WA |Navy Station | HOT Rental in a HOT Market!

[Kat Rogers]

Landlords, here's the inventory that you can't find in your neighborhood right now! 

Wholesale asking price is Substantially Below Market Value for instant equity!

Situated in a market that's about to have a worse housing shortage than the rest of the state already has. In a neighborhood right outside the EXPANDING Whidbey Island Naval Air Station, this rental market is HOT HOT HOT!

Lots and lots of room for future re-positioning to boost the CAP rate.

This property is probably a best match for a landlord buyer that wants to use their own cash to add income producing inventory.

If you're a flipper / Rehabber, we also have great properties for flippers all the time! You will miss them if you don't contact us right now to get on our buyers list.

Current Rent $1,100/mo

Stable and performing tenant of 6 years!

Current Market Rent $1,300-$1,350/mo
Projected market rent in one year $1,400-$1,450/mo

Estimated annual net of $11,178 at current rent with CAP rate of 6.2%

Market rates above boosts this CAP rate to 7.9-8.1%

Tenant pays all utilities, the water bill is pro-rated and paid above rent, with additional water usage paid at the end of the year.

Minutes from back gate to NAS Whidbey, 10 minutes from Oak Harbor City.

Deep 1 car garage with 1/2 converted to a laundry room. Home sits on a big corner lot.

Occupied-so please respect privacy of occupants and no drive by's and absolutely no disturbing the tenants.

Showings limited to two open house dates: SET YOUR DVR TO RECORD THE HAWKS GAME AND COME SNAG THIS ONE WHILE EVERYONE ELSE IS CHEERING ON THE HOME TEAM!
Sunday 9/11 2:00PM - 3:30PM
Monday 9/12 11:30AM -1:00PM

Seller is investor with home under contract for purchase. We are wholesaling our contract and seeking a cash buyer. Asking price includes agreed price on original PSA and investor's Wholesale fee.

Don't get stuck hoping and wishing for your next property in your neighborhood when inventory is this low. Property management in place and available for out of area landlords so you don't have to Drive to Oak Harbor if you don't want to.

Call us now to RSVP for the OPEN HOUSE. Or just show up if you didn't find this add until the last minute.Rhododendron Wholesale | Key Property Solutions