811 Hayward Avenue Unit #1-8, Bremerton, WA 98310
- $1,400,000
- 6,264
- SqFt
Listing courtesy of John L. Scott, Inc.. Selling Office: Windermere Real Estate Co..
- Sold Price
- $1,400,000
- List Price
- $1,495,000
- Status
- SOLD
- MLS#
- 2168772
- Closing Date
- Mar 06, 2024
- Days on Market
- 115
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,264
- Area Total SqFt
- 6264
- Annual Tax Ammount
- 9523
- Internet Provider
- up to tenant/Xfinity
- Lot Size (sq ft)
- 18,731
- Sewer
- Sewer Connected
Property Description
Your chance of obtaining a rare & unique opportunity - Lower Manette 8-Plex with Amazing Water & City Views! Sprawling views of downtown Bremerton, Naval Shipyard, Ferry Terminal, Port Orchard & the Manette Bridge - colorful reflection of city lights at dusk...unbeatable. This Apollo Apartments bldg is grandfathered in to this quaint and desirable residential community. Consistently over the years has near 0% vacancy rate & an attractive Cap Rate for the investor. Less than a mile to walk over the picturesque Manette Bridge - to PSNS, Seattle/Bremerton/Bainbridge ferries & downtown! Investors can make some smart upgrades-easily increase your cap rate-rents are below market value. Plenty of parking for tenants/guests.Low maintenance grounds.
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Additional Information
- List Date
- 2023-11-12 00:00:00
- Community
- Manette
- Net Operating Income
- $95,871
- Gross Adjusted Income
- $120,000
- Gross Scheduled Income
- $120,000
- Total Monthly Income
- $120,000
- Insurance Expenses
- $4,500
- Water/Sewer/Garbage Expenses
- $7,576
- Gross Rent Multiplier
- 13
- Total Expenses
- $24,129
- Cap Rate
- 0.07
- Vacancy Rate
- 1
- Total Number of Units
- 8
- Unit Name
- 811
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1969
- View
- City, Mountain(s), Sound, Strait
- Roof
- Flat, See Remarks
- Site Features
- Cable TV, Gas Available
- Electric Expenses
- 530
- Other Expenses
- 2000
- Energy Source
- Electric
- School District
- Bremerton #100c
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $120,000
- Gross Scheduled Income
- $120,000
- Vacancy Rate
- 1
- Gross Adjusted Income
- $120,000
- Tax Year
- 2022
- Insurance Expense
- $4,500
- W/S/G Expenses
- $7,576
- Total Expenses
- $24,129
- Net Operating Income
- $95,871
- Gross Rent Multiplier
- 13
- Cap Rate
- 0.07
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.