About 2135 4th Street
7-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!
Features of 2135 4th Street
| MLS® # | 2425557 |
|---|---|
| Price | $949,900 |
| Price Per SqFt | $338 |
| Bathrooms | 0.00 |
| Square Footage | 2,812 |
| Acres | 0.25 |
| Year Built | 1932 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 2135 4th Street |
|---|---|
| Area | 148 - West Bremerton |
| Subdivision | West Bremerton |
| City | Bremerton |
| County | Kitsap |
| State | WA |
| Zip Code | 98312 |
Amenities
| Parking Spaces | 7 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Paved |
| Foundation | Poured Concrete |
School Information
| District | Bremerton #100c |
|---|
Additional Information
| Days on Market | 63 |
|---|---|
| Cumulative Days on Market | 63 |
| Days on Website | 63 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Lumin Brokers Of Washington |
|---|