Listing courtesy of Keller Williams Downtown Sea 206-858-6800
$1,975,000
INVESTOR ALERT! $$$ Turnkey 8-unit multifamily property located in a quiet Bremerton neighborhood near Naval Base Kitsap and the Puget Sound Naval Shipyard. The property and surrounding neighborhood show exceptionally well. Comprised of two well-maintained buildings, the property features four bright, townhouse-style units in each, all offering 2 bedrooms, 1… Read More bathroom, an in-unit washer and dryer, and plenty of on-site parking. All eight units have been updated with a cohesive design and consistent color palette throughout. Ownership has invested approximately $590,000 in renovations, repairs, and capital improvements since 2022, including new roofs on both buildings, new furnaces in all units, updated kitchens and bathrooms, LVP flooring, interior and exterior paint, plumbing and electrical improvements, siding repairs, and select new windows, exterior doors, water heaters, and appliances. The property offers a stabilized 6.15% cap rate based on the existing leases and stated operating expenses, with additional upside as rents move toward market rates. A solid, turnkey investment ready to perform from day one! Read Less
Listing courtesy of Keller Williams Downtown Sea 206-858-6800
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
0
Days on Website
1
Last Updated
Property Type
Multi Family
Square Ft.
6,080
Lot Size
0.36 Acres
Year Built
1941
Property Tax
$11,420
MLS Number
2563357
30 Days Snapshot Of 98310
$530k
+10%
(avg) sold price
19
-17%
homes sold
91
+68%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Building
Building Area Total: 6080, Building Area Units: Square Feet, Calculated Square Footage: 6080, Construction Materials: Wood, Elevation Units: Feet, Leasable Area: 6080, Living Area: 0, Number Of Units Total: 8, Stories Total: 2, Structure Type: Multi Family, Units In Building Total: 8, Year Built: 1941, Year Built Effective: 2023
Cooling
Cooling: None
Expenses
Other Expense: 7160
Exterior Features
Exterior Features: Wood, Wood Products
Fireplaces
Fireplaces Total: 0
Floors
Flooring: Vinyl Plank
Foundation
Foundation Details: Poured Concrete
Garage
Garage Spaces: 0
Heating
Heating: Forced Air
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: 120870
Lot
Features: Dead End Street, Paved, 0 acres, 15682 square feet
Sewer: Septic Tank, Sewer Company: City of Bremerton
Utilities
Electric Expense: 1100, Fuel Expense: 600, Power Company: PSE, Power Production Type: Electric, Natural Gas, Water Company: City of Bremerton, Water Source: Community, Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service.
The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.