$1,950,000
1215 Burwell Street, Bremerton, WA 98337
8,602 Sq Ft
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MLS #2520059 / Listing provided by NWMLS .

$1,950,000

1215 Burwell Street
Bremerton, WA 98337

Active 2 days ago · 2 Days
8,602
Sq Ft
$227
Per Sq Ft
1908
Year Built

Investor Alert!!! This 11 unit complex on 2 tax parcels is ideally located minutes away from the PSNS State Street Gate offering convenient access to Ferries, PSNS, and all that downtown Bremerton has to offer (fabulous new restaurants, shops, nightlife, Beautiful waterfront parks and marina....MORE). This Stabilized asset boasts a TRUE 6.4% cap rate INCLUDING: Management (10%), Maintenance and Repairs, Utilities, Taxes and Insurance....you won't find many properties that pencil this well when you are honest about your expenses. Self managing these units would provide a cap rate over 7.3%!! Storage available for tenants to rent for additional income as well as 5 garage spaces. Fully updated in the 2010's these units show well and rent easily. Dual paned windows in all units, Heat pump in one unite and Gas heat in the 6 unit building. These units show well and rent easily due to the location and condition. No internal showings until mutual acceptance.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: Yes
Exterior Features

Parking

  • Garage Spaces: 5
  • Parking Total: 11
  • Total Uncovered Parking Spaces: 6

Structure

  • Roof: Composition
  • Exterior Features: Cement Planked, Wood
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Acres: 0.29
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Bremerton #100c

Lot Details

  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Acres: 0.29
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric, Natural Gas
  • Power Company: Puget Sound Energy

Water, Sewer, and Garbage

  • Sewer Company: City of Bremerton
  • Sewer: Sewer Connected
  • Water Company: City of Bremerton
  • Water Source: Public
  • Water, Sewer, and Garbage: 8919
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