2821 2831 NE Center Street Unit #1-8, Bremerton, WA 98310
- $1,925,000
Listing courtesy of Keller Williams Downtown Sea.
- List Price
- $1,925,000
- Status
- ACTIVE
- MLS#
- 2565138
- Price Change
- ▼ $50,000 1787687811
- Days on Market
- 45
- Annual Tax Ammount
- 11420
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. 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.
Additional Information
- Community
- Enetai
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1941
- # of Assigned Spaces
- 18
- Roof
- Composition
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Vinyl Plank
- Driving Directions
- GPS Works rom 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 St
- Electric Expenses
- 1100
- Other Expenses
- 7160
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $121,452
- Gross Adjusted Income
- $155,394
- Gross Scheduled Income
- $160,200
- Water/Sewer/Garbage Expenses
- $10,500
- Cap Rate
- 6.31
- Vacancy Rate
- 3
- Total Expenses
- $33,942
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