$949,900

2135 4th Street, Bremerton, WA 98312

Multi-Family Home
Built in 1932
0.25acre lot
—— car garage
$——/sqft
Listed 4 months ago

Property Description

This listing courtesy of Rich Kim, Lumin Brokers of Washington

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 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!

Listing Status:: Active
Listing Office:: Lumin Brokers of Washington : 855-586-4692
Listing Agent:: Rich Kim : 855-586-4692
MLS ID:: 2425557

Flooring: Ceramic TileCarpet
A/C: None
Heating: Baseboard
Fireplace: Fireplaces: 0

General: Wood
Parking: Parking spaces: 7

Roofing: Composition
General: 55 - 5-9 UnitsPoured Concrete

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Bremerton #100c
County: Kitsap

Zoning: 14240130192004
View: TerritorialView

Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Rich Kim, Lumin Brokers of Washington

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Naval Avenue Elementary School

900 Olympic Ave, Bremerton, WA, 98312

Grades PK-3

0.24 miles away

Bremerton Homelink Program

1500 Rocky Point Rd NW, Bremerton, WA, 98312

Grades KG-8

1.00 miles away

Renaissance Alternative High School

3400 1st St, Bremerton, WA, 98312

Grades 9-12

0.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.