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Listed by:Lumin Brokers of Washington • Rich Kim
$899,900
Est. payment /mo
4 Beds
7 Baths
2,812 SqFt
UPDATED:
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 $320
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 7.30% would be raised to 8.90%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO 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, Conventional, See Remarks
Listing Terms Cash, Conventional, See Remarks
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