7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 15% to meet current market rents. Current Cap Rate of 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
Active
Listed by:
Rich Kim,
Lumin Brokers of Washington
$949,900
2135 4th Street, Bremerton, WA 98312
4beds
7baths
2,812sqft
Est.:
Multi Family
Built in 1932
-- sqft lot
$919,900 Zestimate®
$338/sqft
$-- HOA
What's special
- 40 days |
- 302 |
- 3 |
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