Active · Residential Income

1215 Burwell Street , Bremerton, WA 98337

Bremerton, WA 98337

$1,950,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by REally Properties Inc · MLS #2520059 · Active

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About this property

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.

Property details

Property type: Multi Family
Year built: 1908
Lot size: 12,632 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $14,779 (2026)
Parking spaces: 11
School district: Bremerton #100c

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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