Investor Alert!!! This 11 unit complex on 2 tax parcels is ideally located minutes away from the PSNS State Street Gate offering convenient access to Ferries, PSNS, and all that downtown Bremerton has to offer (fabulous new restaurants, shops, nightlife, Beautiful waterfront parks and marina....MORE). This Stabilized asset boasts a TRUE 6.4% cap rate INCLUDING: Management (10%), Maintenance and Repairs, Utilities, Taxes and Insurance....you won't find many properties that pencil this well when you are honest about your expenses. Self managing these units would provide a cap rate over 7.3%!! Storage available for tenants to rent for additional income as well as 5 garage spaces. Fully updated in the 2010's these units show well and rent easily. Dual paned windows in all units, Heat pump in one unite and Gas heat in the 6 unit building. These units show well and rent easily due to the location and condition. No internal showings until mutual acceptance.
| MLS # | 2520059 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 165 |
| Listing Provided By | REally Properties Inc | Dennis Balduf |
| SQ Feet | 8,602 |
|---|---|
| Garage | 5 |
| Story(s) | 2 |
| Units | 11 |
| Zoning | Multi-Family,Residential |
| Acreage | 0.29 |
| Property | 14779 |
|---|
| State | WA |
|---|---|
| County | Kitsap |
| City | Bremerton |
| Zip Code | 98337 |
| Area | 148 West Bremerton |
| Community Name | Bremerton |
| Listing VS Median (in Bremerton) | |
Price: $1,950,000 low | high Med: $490,000 sqft: 8,602 low | high Med: 1,771 $ / sqft: $227 low | high Med: $279 On site: 165 low | high Med: 57 | |
| State | WA |
|---|---|
| County | Kitsap |
| City | Bremerton |
| Zip Code | 98337 |
| Area | 148 West Bremerton |
| Community Name | Bremerton |
| Listing VS Median (in Bremerton) | |
Price: $1,950,000 low | high Med: $490,000 sqft: 8,602 low | high Med: 1,771 $ / sqft: $227 low | high Med: $279 On site: 165 low | high Med: 57 | |