701 S Summit Avenue, Bremerton, WA 98312
- $460,000
- 1,716
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $460,000
- List Price
- $475,000
- Status
- SOLD
- MLS#
- 2372677
- Closing Date
- Jun 30, 2025
- Days on Market
- 10
- Style
- 53 - Tri-plex
- Finished SqFt
- 1,716
- Area Total SqFt
- 1716
- Annual Tax Ammount
- 3859
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
This diamond in the rough is a potential gold mine! Triplex in Bremerton has so much character, is walkable to the base and very easy to rent. The main unit 701, is vacant and ready for a new tenant or an owner-occupied owner who wants to live in one unit while fixing up the rest of the property. Unit has original wood floors in living room and bedrooms, newer LVP in kitchen and bathroom, and lots of natural light. The upstairs unit in the main house 701.5, is vacant and needs some work. The upstairs unit in detached carriage house, 703 is occupied. Property has unfinished square footage that could be turned into coin-op laundry area, shop space, or possibly even a 4th unit? Get started on your investment journey and come take a look today!
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Additional Information
- List Date
- 2025-06-20 00:00:00
- Community
- Navy Yard City
- Net Operating Income
- $40,491
- Gross Adjusted Income
- $46,740
- Gross Scheduled Income
- $49,200
- Total Monthly Income
- $4,100
- Insurance Expenses
- $1,650
- Water/Sewer/Garbage Expenses
- $1,800
- Gross Rent Multiplier
- 9.65
- Total Expenses
- $8,709
- Cap Rate
- 8.52
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 701
- Potential Terms
- Cash Out, Conventional, Owner Financing, Rehab Loan
- Year Built
- 1902
- Roof
- Composition
- Site Features
- Gas Available, Shop
- Other Expenses
- 1400
- Energy Source
- Electric, Natural Gas
- School District
- Bremerton #100c
- Total Monthly Income
- $4,100
- Gross Scheduled Income
- $49,200
- Vacancy Rate
- 5
- Gross Adjusted Income
- $46,740
- Tax Year
- 2025
- Insurance Expense
- $1,650
- W/S/G Expenses
- $1,800
- Total Expenses
- $8,709
- Net Operating Income
- $40,491
- Gross Rent Multiplier
- 9.65
- Cap Rate
- 8.52
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.