902 Pleasant Ave Bremerton, WA 98337
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 902 Pleasant Ave
- Property type
- Commercial real estate
Description
This exceptional six-unit apartment building presents a compelling investment opportunity in the heart of downtown Bremerton, Washington. Located at 902 Pleasant Ave, 98337, this two-story property boasts a strong NOI of $52,165, translating to a 4.74% cap rate at an asking price of $998,500. Each unit commands a price of $166,416.67, reflecting the property's value and potential for future appreciation. The building features a recently updated infrastructure, including a new fire alarm system, heating system, hot water heater, electrical system, and plumbing. Half of the units have undergone complete renovations, ensuring high-quality accommodations for tenants. Adding to the property's appeal is a detached garage situated on the lot, providing additional storage or potential rental income. The current tenants are described as wonderful, suggesting a stable and reliable income stream. This property represents a rare chance to acquire a well-maintained, high-performing multifamily asset in a desirable downtown location. Its strong financials, recent upgrades, and excellent tenant base make it an ideal investment for both seasoned and aspiring real estate investors. The property's location in Kitsap County offers easy access to amenities and services, further enhancing its appeal. Don't miss this opportunity to secure a profitable and promising investment in the thriving Bremerton market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bremerton
- County
- Kitsap
- State
- Washington
- Longitude
- -122.6256154
- Latitude
- 47.5696022
