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Listed by:Keller Williams Downtown Sea • Nicholas T. Vilvandre
$1,975,000
Est. payment /mo
16 Beds
8 Baths
0.36 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Enetai
MLS Listing ID 2565138
Style 60 - Comm Bldg Und 10K
Bedrooms 16
Year Built 1941
Annual Tax Amount $11,420
Lot Size 0.360 Acres
Property Sub-Type Commercial Industrial
Property Description
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 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!
Location
State WA
County Kitsap
Area 149 - East Bremerton
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Roof Type Composition
Building
Sewer Septic Tank
Water Community, Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby School & Business
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