632 Washington Ave, Bremerton, WA 98337

$860,000

Listing courtesy of Strategy Real Estate, Inc.. Selling Office: John L. Scott, Inc..

Sold Price
$860,000
List Price
$875,000
Status
SOLD
MLS#
1116415
Closing Date
Sep 29, 2017
Days on Market
72
Style
55 - 5-9 Units
Building Condition
Good
Annual Tax Ammount
4035
Lot Size (sq ft)
10,454
Sewer
Sewer Connected

Property Description

COMMUTERS' DREAM! Rare opportunity to capture the thriving urban renaissance of Downtown Bremerton! Spectacular Waterfront location with stunning views of Manette Bridge, Sinclair Inlet & USS Turner Joy. Short stroll to Seattle Ferry, Puget Sound Naval Shipyard/NBK Bremerton. Enjoy the exciting variety of food, drinks, art walks, parades, shopping and entertainment all within minutes on foot! Co-working space 1 block away. All this at BELOW MARKET RENTS!!! Proforma available upon request.

Additional Information

List Date
2017-07-19 00:00:00
Community
Bremerton
Net Operating Income
$45,825
Gross Adjusted Income
$57,342
Gross Scheduled Income
$65,580
Total Monthly Income
$5,465
Insurance Expenses
$2,270
Water/Sewer/Garbage Expenses
$5,582
Gross Rent Multiplier
13
Total Expenses
$16,476
Cap Rate
5.24
Vacancy Rate
5
Total Number of Units
6
Unit Name
632
Potential Terms
Cash Out, Conventional
Year Built
1915
Waterfront
Yes
View
Bay, Mountain(s), Sound, Territorial
Roof
Flat, Torch Down
Site Features
Cable TV, Gas Available
Electric Expenses
1549
Other Expenses
1798
School District
Bremerton #100c
Elementary School
Armin Jahr Elem
Middle School
Mtn View Mid
High School
Bremerton High
Total Monthly Income
$5,465
Gross Scheduled Income
$65,580
Vacancy Rate
5
Gross Adjusted Income
$57,342
Tax Year
2017
Insurance Expense
$2,270
W/S/G Expenses
$5,582
Total Expenses
$16,476
Net Operating Income
$45,825
Gross Rent Multiplier
13
Cap Rate
5.24
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