6710 Kitsap Way, Bremerton, WA 98312

$699,000

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Listing courtesy of Ison Realty. Selling Office: Ison Realty.

Sold Price
$699,000
List Price
$699,000
Status
SOLD
MLS#
2201271
Closing Date
Jan 24, 2025
Days on Market
180
Annual Tax Ammount
4000

Property Description

Kitsap Lake Commercial w/ 7% cap rate! Two commercial buildings on one tax parcel. 4 total lease spaces within both buildings w/ 3 of the spaces fully leased and generating $81120 per year combined. 6710 KITSAP WAY UNIT A & B is just under 2500 SF' w/ 2 store front spaces, one space is currently leased. 6708 KITSAP WAY UNIT A & B has two (2) spaces; a 1600 SF, 3 bedroom + 1 bath, residential apartment above and a 1600 SF' vinyl wrap shop below w/ 14' roll up doors. Ample parking w/ very high traffic count and excellent visibility off of Kitsap Way. Excellent opportunity for a business owner looking to lower operating expenses or an investor!

Additional Information

Community
Bremerton
Building Condition
Very Good
Style
60 - Comm Bldg Und 10K
Year Built
1942
# of Assigned Spaces
27
Roof
Composition
Tax Year
2024
Potential Terms
Cash Out, See Remarks
Interior Features
Ceramic Tile, Concrete, Wall to Wall Carpet
Flooring
Ceramic Tile, Concrete, Engineered Hardwood, Carpet
Driving Directions
Either direction on Kitsap Way to 6710 & 6708 Kitsap Way address, (immediately south of the Red Apple store).
Energy Source
Electric, Natural Gas
Net Operating Income
$69,764
Gross Adjusted Income
$77,064
Gross Scheduled Income
$81,120
Water/Sewer/Garbage Expenses
$1,500
Cap Rate
7
Total Expenses
$7,300
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.
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