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!
Active
Listed by:
Rich Kim,
Lumin Brokers of Washington
$949,900
801 Veneta Avenue, Bremerton, WA 98337
7beds
7baths
4,752sqft
Est.:
Multi Family
Built in 1912
-- sqft lot
$922,500 Zestimate®
$200/sqft
$-- HOA
What's special
- 40 days |
- 333 |
- 6 |
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