108 Oak Street, Bremerton, WA 98310
- $420,000
- 2,040
- SqFt
Listing courtesy of Lumin Brokers of Washington. Selling Office: Emerald Guardian Realty.
- Sold Price
- $420,000
- List Price
- $424,900
- Status
- SOLD
- MLS#
- 2228985
- Closing Date
- May 31, 2024
- Days on Market
- 11
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,040
- Area Total SqFt
- 2040
- Annual Tax Ammount
- 2729
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
Property Description
Views of Port Washington Narrows and across the street from Lions Park. This triplex features 2 side by side units with 2 bedrooms and 1 bathroom each plus a vacant ready to renovate detached studio with 1 bathroom. Current long-term tenants on month-to-month lease. Preferred lender Guild Mortgage will cover a total interest rate reduction of 1% for the first year at no cost to the buyer. Seller is willing to negotiate a credit towards a total interest rate reduction of 2% for the first year in which case lender will cover a total interest rate reduction of 1% for the second year at no cost to the buyer. Lender will waive lender fees for future refinance to lower rate until 12/31/2025. Construction lending available to finish detached unit.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2024-05-20 00:00:00
- Community
- East Bremerton
- Net Operating Income
- $32,041
- Gross Adjusted Income
- $39,060
- Gross Scheduled Income
- $39,060
- Total Monthly Income
- $3,255
- Insurance Expenses
- $1,230
- Water/Sewer/Garbage Expenses
- $3,060
- Gross Rent Multiplier
- 11.8
- Total Expenses
- $7,019
- Cap Rate
- 7.54
- Total Number of Units
- 3
- Unit Name
- 108
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1943
- View
- Bay, Ocean, Sound, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Bremerton #100c
- Total Monthly Income
- $3,255
- Gross Scheduled Income
- $39,060
- Gross Adjusted Income
- $39,060
- Tax Year
- 2024
- Insurance Expense
- $1,230
- W/S/G Expenses
- $3,060
- Total Expenses
- $7,019
- Net Operating Income
- $32,041
- Gross Rent Multiplier
- 11.8
- Cap Rate
- 7.54
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.