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Multifamily

Bremerton 6

2001 11th St, Bremerton, WA 98337

Listing Price: $1,325,000

Cap Rate
5.39%
Number of Units
6
GRM
11.65
Occupancy
95.0%
Price/Unit
$220,833
Price/Gross SF
$219.66
Gross SF
6,032

Investment Overview

Bremerton 6 offers high quality, well maintained, and spacious 2 Bedroom-1 Bathroom units. Units are approximately 1000 SF each and include W/D hookups which positions a buyer for a very easy value-add opportunity. The property includes 6 covered parking spaces and 6 storage rooms, making it a very easily rentable asset for single tenants as well as families.

Local economic drivers create a strong rental market in Bremerton with historically low vacancy rates. Bremerton 6 positions itself as the perfect property for entry-level or experienced investors through its large, high-quality units and ability to capture additional upside without extensive renovations.

Investment Highlights

  • Current ownership has maintained 100% occupancy over the last 6 years.
  • W/D hookups positioned for easy low-cost rental upside of 25%.
  • Covered parking spaces for each unit and large units are an attractive amenity to Bremerton's growing rental market, making Bremerton 6 a competitive rental product.

Exclusively Listed By

Multifamily

Bremerton 6

Listing Price: $1,325,000

Cap Rate
5.39%
Number of Units
6
GRM
11.65
Occupancy
95.0%
Price/Unit
$220,833
Price/Gross SF
$219.66
Gross SF
6,032

Investment Highlights

  • Current ownership has maintained 100% occupancy over the last 6 years.
  • W/D hookups positioned for easy low-cost rental upside of 25%.
  • Covered parking spaces for each unit and large units are an attractive amenity to Bremerton's growing rental market, making Bremerton 6 a competitive rental product.

Investment Overview

Bremerton 6 offers high quality, well maintained, and spacious 2 Bedroom-1 Bathroom units. Units are approximately 1000 SF each and include W/D hookups which positions a buyer for a very easy value-add opportunity. The property includes 6 covered parking spaces and 6 storage rooms, making it a very easily rentable asset for single tenants as well as families. Local economic drivers create a strong rental market in Bremerton with historically low vacancy rates. Bremerton 6 positions itself as the perfect property for entry-level or experienced investors through its large, high-quality units and ability to capture additional upside without extensive renovations.

Exclusively Listed By

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