$949900
Bed
Bath
2812 SqFt
1 DOM
Built: 1932
CEO & Founder
(650)533-32597-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 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 15% to meet current market rents. Current Cap Rate of 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
Listing Provided Courtesy of Rich Kim, Lumin Brokers of Washington
NWM2425557
Multi Family
1 DOM
0.25 acres
2812
1932
Multi-F
Kitsap
Residential Incom
Multi Family
Listing Provided Courtesy of Rich Kim, Lumin Brokers of Washington
Kasamestates data last checked: Aug 27, 2025 22:33 | Listing last modified Aug 28, 2025 02:57,
Source:
Download our Mobile app