INVESTOR ALERT! $$$ Turnkey 8-unit multifamily property located in a quiet Bremerton neighborhood near Naval Base Kitsap and the Puget Sound Naval Shipyard. Comprised of two well-maintained buildings with four bright, townhouse-style units in each, all offering 2 bedrooms, 1 bathroom, in-unit washer/dryer and ample on-site parking. All eight units have been updated with a cohesive design and consistent finishes 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/exterior paint, plumbing and electrical improvements, siding repairs, and select new windows, exterior doors, water heaters and appliances. With all eight units leased, current scheduled rents total approximately $160,200 annually, supporting a stabilized cap rate of approximately 6.31% based on stated operating expenses. Additional upside remains as rents move toward market rates. A solid, turnkey investment positioned to perform from day one.
| MLS # | 2565138 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 53 |
| Listing Provided By | Keller Williams Downtown Sea | Nicholas T. Vilvandre |
| Units | 8 |
|---|---|
| Zoning | Commercial,Multi-Family,Resident |
| Acreage | 0.36 |
| Property | 11420 |
|---|
| State | WA |
|---|---|
| County | Kitsap |
| City | Bremerton |
| Zip Code | 98310 |
| Area | 149 East Bremerton |
| Community Name | Enetai |
| Listing VS Median (in Enetai) | |
Price: $1,925,000 low | high Med: $1,117,500 On site: 53 low | high Med: 28.5 | |
| State | WA |
|---|---|
| County | Kitsap |
| City | Bremerton |
| Zip Code | 98310 |
| Area | 149 East Bremerton |
| Community Name | Enetai |
| Listing VS Median (in Enetai) | |
Price: $1,925,000 low | high Med: $1,117,500 On site: 53 low | high Med: 28.5 | |