Property Details

2135 4th St

Bremerton, WA 98312

$899,900

Available

CBA# 701806 courtesy of CBA Listing firm: Lumin Brokers of Washington

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 2135 4th St, Bremerton, MLS# 701806

Commercial

Property Type

2,812

Bldg Sq Ft

Units

7.00%

Cap Rate

1932

Year Built

Property Overview

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.