$1,950,000

13 Beds 12 Baths 8,602 SQFT 0.29 Acres

Type: Multi-Family

1215 Burwell Street
Bremerton, WA 98337

MLS#: 2520059

Presented by: REally Properties Inc; Dennis Balduf; 360-649-5053; dennisbalduf@gmail.com

Property Description

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.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes

Fireplace Y/NNo

FlooringCeramic Tile, Hardwood, Laminate, Vinyl, Carpet

Heating Y/NYes

Power Production TypeElectric, Natural Gas

Total Fireplaces0

Total Stories2

General

AmenitiesSee Remarks, Storage, Thermal Windows

Building Area Units0 sqft

Cap Rate6.4

Carport Spaces0

Carport Y/NNo

CityBremerton

CoolingDuctless, None

CountyKitsap

DirectionsFrom Hwy 3: Kitsap Way to 6th Street; Right on N Callow, Left on Burwell/304; Right on State Ave, Left into alley between Burwell and Gregory. Property/parking on left. No street parking on Burwell.

Electric Expense0

Energy EfficientThermal Windows

Fuel Expense205

Garage Spaces5

HOANo

HOA Fee$0

HeatingBaseboard, Ductless, Forced Air, Wall Furnace

High School DistrictBremerton #100c

Insurance Expense6500

Leasable Area8,602 sqft

Listing TermsCash, Conventional

Living Area0 sqft

Lot Size Square Feet12,632 sqft

Lot Size UnitsSquare Feet

MLS Area148 - West Bremerton

NWM_ShowMapLinkY

Net Operating Income125172

New ConstructionNo

Number Of Units Total11

PossessionSee Remarks, Subject To Tenant Rights

Possible UseMulti-Family, Residential

Property ConditionGood

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksInvestor 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 ha

RoofComposition

Security FeaturesPartially Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeMulti Family

Subdivision NameBremerton

Tax Annual Amount$14,779

Tax Year2026

Units Below Gradefalse

Units In Building Total11

Water CompanyCity of Bremerton

Water Sewer Garbage8919

Year Built1908

Zoning DescriptionMulti-Family, Residential

Exterior

Building Area Total8,602 sqft

Covered Spaces5

Exterior AmenitiesCement Planked, Wood

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot FeaturesAlley, Curbs, Paved, Sidewalk

Lot Size Acres0.29

Parking Uncovered Total6

Site FeaturesCable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio

Total Parking11

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School N/A

Middle School N/A

High School N/A

Similar Properties

$1,950,000

13 Beds 12 Baths 8,602 SQFT 0.29 Acres

Type: Multi-Family

1215 Burwell Street
Bremerton, WA 98337

MLS#: 2520059

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Property

$1,950,000

1215 Burwell Street
Bremerton, WA 98337

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,950,000

1215 Burwell Street
Bremerton, WA 98337

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Property

$1,950,000

1215 Burwell StreetBremerton, WA 98337

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,950,000

1215 Burwell StreetBremerton, WA 98337

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1215 Burwell Street
Bremerton, WA 98337

1215 Burwell Street
Bremerton, WA 98337