2821 2831 NE Center ST #1-8, Bremerton, WA 98310
2821 2831 NE Center ST #1-8, Bremerton, WA 98310
2821 2831 NE Center ST #1-8, Bremerton, WA 98310
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Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by:Keller Williams Downtown Sea • Nicholas T. Vilvandre
$1,975,000
Est. payment /mo
16 Beds
8 Baths
0.36 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Enetai

MLS Listing ID 2565138

Style 60 - Comm Bldg Und 10K

Bedrooms 16

Year Built 1941

Annual Tax Amount $11,420

Lot Size 0.360 Acres

Property Sub-Type Commercial Industrial

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. The property and surrounding neighborhood show exceptionally well. Comprised of two well-maintained buildings, the property features four bright, townhouse-style units in each, all offering 2 bedrooms, 1 bathroom, an in-unit washer and dryer, and plenty of on-site parking. All eight units have been updated with a cohesive design and consistent color palette 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 and exterior paint, plumbing and electrical improvements, siding repairs, and select new windows, exterior doors, water heaters, and appliances. The property offers a stabilized 6.15% cap rate based on the existing leases and stated operating expenses, with additional upside as rents move toward market rates. A solid, turnkey investment ready to perform from day one!

Location

State WA

County Kitsap

Area 149 - East Bremerton

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Roof Type Composition

Building

Sewer Septic Tank

Water Community, Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Josh Barnard

Josh Barnard

+1(253) 677-5765

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