$5250000
-
Bed
-
Bath
-
15160 SqFt
-
1 DOM
-
Built: 1942
- Status: Active
Love this home?
Srinivas Kasam
CEO & Founder
(650)533-3259Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.93% cap rate and a 6.56% cash-on-cash return on current rents. The property features 16 spacious two-bedroom townhome-style units and 4 one-bedroom units, averaging 758 SF. Ownership has invested over $1.1M in capital improvements, delivering modern finishes and durable systems throughout—new roofs, Hardie siding, cabinetry, stainless steel appliances, in-unit washers/dryers, upgraded electrical and mechanical systems, and stylish interior updates. The result is a low-maintenance, high cash-flowing asset poised to capture long-term rent growth in one of Kitsap's most desirable waterfront locations.
Listing Provided Courtesy of Gabe Blake, Blake Investment Advisors
General Information
-
NWM2431025
-
Multi Family
-
1 DOM
-
-
0.97 acres
-
-
15160
-
1942
-
-
Kitsap
-
-
-
-
-
Residential Incom
-
Multi Family
-
Listing Provided Courtesy of Gabe Blake, Blake Investment Advisors
Kasamestates data last checked: Sep 09, 2025 01:38 | Listing last modified Sep 08, 2025 23:40,
Source:
Download our Mobile app
