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Listed by:REally Properties Inc • Dennis Balduf

$1,950,000

Est. payment - /mo

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13 Beds

12 Baths

8,602 SqFt

New

1215 Burwell ST Bremerton, WA 98337

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,602 sqft

Price per Sqft $226

Subdivision Bremerton

MLS Listing ID 2520059

Style 56 - 10+ Units

Bedrooms 13

Year Built 1908

Annual Tax Amount $14,779

Lot Size 0.290 Acres

Property Sub-Type Multi Family

Property Description

Investor Alert!!! This 11 unit complex on 2 tax parcels is ideally located minutes away from the PSNS State Street Gate offering convenient access to Ferries, PSNS, and all that downtown Bremerton has to offer (fabulous new restaurants, shops, nightlife, Beautiful waterfront parks and marina....MORE). This Stabilized asset boasts a TRUE 6.4% cap rate INCLUDING: Management (10%), Maintenance and Repairs, Utilities, Taxes and Insurance....you won't find many properties that pencil this well when you are honest about your expenses. Self managing these units would provide a cap rate over 7.3%!! Storage available for tenants to rent for additional income as well as 5 garage spaces. Fully updated in the 2010's these units show well and rent easily. Dual paned windows in all units, Heat pump in one unite and Gas heat in the 6 unit building. These units show well and rent easily due to the location and condition. No internal showings until mutual acceptance.

Location

State WA

County Kitsap

Area 148 - West Bremerton

Interior

Flooring Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked, Wood

Garage Spaces 5.0

Amenities Available Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Bremerton #100C

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Breakdown

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