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2135 4th Street, Bremerton, WA, 98312

4beds
7baths
2,812sqft
$874,900
$311price/sqft
$5,453/moest. monthly cost
$218,120/yrincome needed

About This Home

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 7.51% would be raised to 9.15%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!

Getting Around

86
WalkingVery Walkable
33
TransitSome Transit
60
BikeBikeable

Schools

3/10
2/10
4/10
Bremerton High SchoolGrades 9-120.7 mi

Construction

Condition

  • Property condition: Good
  • Year built: 1932

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1932

Type & Style

  • Home type: MultiFamily
  • Architectural style: 5-9 Units
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 7

Features

  • Flooring: Ceramic Tile,Carpet

Heating & Cooling

  • Heating features: Baseboard,Electric,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 2,812
  • Total interior livable area: 2,812 sqft

Property

Details

  • Parcel number: 14240130192004
  • Zoning description: Multi-Family,Jurisdiction: City
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 0.25 Acres
  • Features: Paved,Cable TV,High Speed Internet

Parking

  • Total spaces: 7
  • Parking features: Open
  • Has uncovered spaces: Yes
  • Uncovered spaces: 7