Property Details

801 Veneta Ave

Bremerton, WA 98337

$899,900

Available

CBA# 701805 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 801 Veneta Ave, Bremerton, MLS# 701805

Commercial

Property Type

6,500

Bldg Sq Ft

Units

7.00%

Cap Rate

1912

Year Built

Property Overview

6-plex features one unit with 0 bedroom and 1 bathroom, four units with 1 bedroom and 1 bathroom, and one unit with 3 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 18% to meet current market rents. Current Cap Rate of 7.13% would be raised to 9.03%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!