Property Details

8755 Shores Pl NW

Silverdale, WA 98383

$5,250,000

Off Market

CBA# 701596 courtesy of CBA Listing firm: Blake Investment Advisors

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Commercial

Property Type

15,160

Bldg Sq Ft

Units

1943

Year Built

Property Overview

Investment Highlights:~Exceptional Beachfront Location: A rarity in apartment ownership is the chance to own an asset where residents can step out their front door and take a walk on the beach overlooking the gorgeous Dyes Inlet. ~Desirable Floor Plans: Waterfront Park features 16 two-bedroom townhome-style apartment homes and 4 one-bedroom units.~Constrained Housing Supply: No new multifamily units under construction in the Silverdale sub-market. ~Demonstrated Rent Growth: Rental rates have increased 9.82% since 2023, reflecting strong tenant demand. ~Turnkey Renovations: Over $1,100,000 in comprehensive upgrades completed, including new roofs, siding, appliances, flooring, cabinetry, electrical, and plumbing systems. ~Thriving Regional Economy: Anchored by Naval Base Kitsap