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+12067698882
RE/MAX All City
2821 NE Center Street Unit #1-8, Bremerton, WA 98310
- $1,825,000
Listing Broker: Keller Williams Downtown Sea; Nicholas T. Vilvandre; 206-612-7883; nvilvandre@kw.com
- List Price
- $1,825,000
- Status
- ACTIVE
- MLS#
- 2590023
- Days on Market
- 0
- Annual Tax Ammount
- 11420
Property Description
Updated 8-unit property in Bremerton near Naval Base Kitsap and the Puget Sound Naval Shipyard. Two buildings with four townhouse-style units each, all offering 2 bedrooms, 1 bathroom and approximately 760 SF. Total building area of 6,080 SF with 18 on-site parking spaces. In-unit washer/dryer in seven units. Approximately $590,000 invested in renovations, repairs and capital improvements since 2022, including roof replacements on both buildings, new furnaces, updated kitchens and bathrooms, LVP flooring, interior/exterior paint, plumbing and electrical improvements, siding repairs, and select replacement windows, doors, water heaters and appliances. Additional work includes septic repairs and maintenance, crawlspace improvements and insulation. -$$- Offering a stunning projected 6.72% cap rate based on reviewed income and expenses.
Additional Information
- Community
- Enetai
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1941
- # of Assigned Spaces
- 18
- Roof
- Composition
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Vinyl Plank
- Driving Directions
- GPS Works. From WA-3 N, take exit 36/Charleston Blvd. Turn R on Burwell St. Turn L on Washington Ave. Turn R on Manette Bridge. Turn R onto Pitt Ave, L on E 11th St, L on Trenton Ave, L on NE Center
- Electric Expenses
- 1100
- Other Expenses
- 7160
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $122,616
- Gross Adjusted Income
- $156,558
- Gross Scheduled Income
- $161,400
- Water/Sewer/Garbage Expenses
- $10,500
- Cap Rate
- 6.72
- Vacancy Rate
- 3
- Total Expenses
- $33,942
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.