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Multifamily

Broadway Manor

1015 9th St, Bremerton, WA 98337

Listing Price: $1,900,000

Cap Rate
5.93%
Number of Units
11
GRM
11.46
Occupancy
90.0%
Price/Unit
$172,727
Price/Gross SF
$265.73
Gross SF
7,150

Investment Overview

Built in 1901 and revitalized in 2021, Broadway Manor
is a an eleven-unit community located in the Downtown
Bremerton. Minutes away from the Puget Sound Naval
Shipyard and walking distance from Olympic College,
Broadway Manor is perfectly situation in a location driven
by a stable economic drivers and rental demand alike.
From a tenant’s perspective, comfortable one-bedroom
units in a walkable neighborhood combined with beautiful
common space in the courtyard make Broadway Manor an
excellent place to call home.
Broadway Manor consists of eleven one-bedroom, onebathroom
units averaging ±650 square feet. Each unit
features a kitchen and living room separate from the large
kitchen. At a purchase price of $1,900,000, Center Street
Apartment offers a great value to a buyer at $172,727.
An incoming investor can steadily increase rents without
making any major capital improvements and easily achieve
over an 8% total return.

Investment Highlights

  • Excellent Location: Downtown Bremerton hold major employment drivers with limited inventory.
  • Upgraded Systems: Roof, siding, plumbing, and electrical all redone making this an investment with minimal concern of big capital expenditures.
  • Strong Unit Mix: One-bedrooms cater to Bremerton's workforce demographic.

Exclusively Listed By

Multifamily

Broadway Manor

Listing Price: $1,900,000

Cap Rate
5.93%
Number of Units
11
GRM
11.46
Occupancy
90.0%
Price/Unit
$172,727
Price/Gross SF
$265.73
Gross SF
7,150

Investment Highlights

  • Excellent Location: Downtown Bremerton hold major employment drivers with limited inventory.
  • Upgraded Systems: Roof, siding, plumbing, and electrical all redone making this an investment with minimal concern of big capital expenditures.
  • Strong Unit Mix: One-bedrooms cater to Bremerton's workforce demographic.

Investment Overview

Built in 1901 and revitalized in 2021, Broadway Manor is a an eleven-unit community located in the Downtown Bremerton. Minutes away from the Puget Sound Naval Shipyard and walking distance from Olympic College, Broadway Manor is perfectly situation in a location driven by a stable economic drivers and rental demand alike. From a tenant’s perspective, comfortable one-bedroom units in a walkable neighborhood combined with beautiful common space in the courtyard make Broadway Manor an excellent place to call home. Broadway Manor consists of eleven one-bedroom, onebathroom units averaging ±650 square feet. Each unit features a kitchen and living room separate from the large kitchen. At a purchase price of $1,900,000, Center Street Apartment offers a great value to a buyer at $172,727. An incoming investor can steadily increase rents without making any major capital improvements and easily achieve over an 8% total return.

Exclusively Listed By

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