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Bremerton,WA 98312
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,812 sqft
Price per Sqft $337
Subdivision West Bremerton
MLS Listing ID 2425557
Style 55 - 5-9 Units
Bedrooms 4
Year Built 1932
Annual Tax Amount $5,138
Lot Size 10,890 Sqft
Property Sub-Type Multi Family
Property Description
7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 15% to meet current market rents. Current Cap Rate of 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. NO NOT DISTURB TENANTS!
Location
State WA
County Kitsap
Area 148 - West Bremerton
Interior
Flooring Ceramic Tile,Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV,High Speed Internet
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
New Construction No
Schools
School District Bremerton #100C
Others
Senior Community No
Acceptable Financing Cash Out,Conventional,See Remarks
Listing Terms Cash Out,Conventional,See Remarks