$949,900

801 Veneta Avenue, Bremerton, WA 98337

Multi-Family Home
Built in 1912
8,276sqft lot
—— car garage
$——/sqft
Listed 2 months ago

Property Description

This listing courtesy of Rich Kim, Lumin Brokers of Washington

6-plex features one unit with 0 bedroom and 1 bathroom, four units with 1 bedroom and 1 bathroom, and one unit with 3 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 18% to meet current market rents. Current Cap Rate of 6.75% would be raised to 8.56%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!

Listing Status:: Active
Listing Office:: Lumin Brokers of Washington : 855-586-4692
Listing Agent:: Rich Kim : 855-586-4692
MLS ID:: 2425552

Flooring: Ceramic TileLaminateCarpet
A/C: None
Heating: Baseboard
Fireplace: Fireplaces: 0

General: Wood
Parking: Parking spaces: 0

Roofing: Composition
General: 55 - 5-9 UnitsPoured Concrete

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Bremerton #100c
County: Kitsap

Zoning: 38110060010009
View: TerritorialView

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Rich Kim, Lumin Brokers of Washington

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Naval Avenue Elementary School

900 Olympic Ave, Bremerton, WA, 98312

Grades PK-3

0.46 miles away

Bremerton Homelink Program

1500 Rocky Point Rd NW, Bremerton, WA, 98312

Grades KG-8

1.30 miles away

Morgan Center School

1500 13th St, Bremerton, WA, 98337

Grades 10-12

0.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.