Bought with Solution Partners NW
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Key Details
Sold Price $1,575,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Bremerton
MLS Listing ID 2195601
Sold Date 03/29/24
Style 56 - 10+ Units
Year Built 1959
Annual Tax Amount $13,140
Lot Size 8,712 Sqft
Property Sub-Type Multi-Family
Property Description
Built in 1959, this two story 12-unit community is comprised of one and two-bedroom units averaging 625 SF. An extremely rare value-add opportunity, the Phillips apartments are being offered to investors roughly 84% vacant. New ownership will have the opportunity to begin their interior renovation program immediately upon purchase. Walking distance from the Bremerton shipyard, Navy Museum, Bremerton ferry and most local retail – the Phillips apartments are extremely centrally located. This value-add offering is well positioned to provide new ownership with immediate equity upon completing interior renovations and the releasing of vacant units.
Location
State WA
County Kitsap
Area 148 - West Bremerton
Interior
Interior Features Laminate
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Bremerton #100C
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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