Multifamily
Windjammer
605 Point Brown Ave NW, Ocean Shores, WA 98569
Listing Price: $3,950,000
Investment Overview
Built in 1984, the Windjammer is a Four-building, and twenty-eight-unit community centrally located in Ocean Shores, WA. Directly in the middle of the Ocean Shores Golf Course. Windjammer is an attractive community for families and local workers. From a tenant’s perspective, proximity to the beach, golf course and other attractions make this a great place to call home.
Windjammer, the largest market-rate apartment community in Ocean Shores, consists of six studios; twelve one-bedroom, one-bathroom; ten two-bedroom, one-bathroom units averaging 655 square feet. Each unit features modern kitchen appliances, and a private deck or fenced backyard. At a purchase price of $3,950,000, Windjammer offers outstanding yield for an incoming investor to be able to achieve over 10% cash on cash return in year one. Windjammer is an incredible opportunity to own in a market that has low competition.
Windjammer
Investment Highlights
- High-Yield Opportunity - Incoming buyer can easily achieve over a 10% total return in year one of ownership.
- Largest Apartment in Ocean Shores - Opportunity to hold the largest percentage of rental housing in a low competition market. You control the market!
- Major System Upgrades - Roofs have been redone, as well as electrical systems and panel updates. Making this a highly insurable and safe property.
Exclusively Listed By
Listing Price: $3,950,000
Investment Highlights
- High-Yield Opportunity - Incoming buyer can easily achieve over a 10% total return in year one of ownership.
- Largest Apartment in Ocean Shores - Opportunity to hold the largest percentage of rental housing in a low competition market. You control the market!
- Major System Upgrades - Roofs have been redone, as well as electrical systems and panel updates. Making this a highly insurable and safe property.
Investment Overview
Built in 1984, the Windjammer is a Four-building, and twenty-eight-unit community centrally located in Ocean Shores, WA. Directly in the middle of the Ocean Shores Golf Course. Windjammer is an attractive community for families and local workers. From a tenant’s perspective, proximity to the beach, golf course and other attractions make this a great place to call home. Windjammer, the largest market-rate apartment community in Ocean Shores, consists of six studios; twelve one-bedroom, one-bathroom; ten two-bedroom, one-bathroom units averaging 655 square feet. Each unit features modern kitchen appliances, and a private deck or fenced backyard. At a purchase price of $3,950,000, Windjammer offers outstanding yield for an incoming investor to be able to achieve over 10% cash on cash return in year one. Windjammer is an incredible opportunity to own in a market that has low competition.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
