About 8755 Shore Place Nw
Waterfront 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.
Features of 8755 Shore Place Nw
| MLS® # | 2431025 |
|---|---|
| Price | $5,250,000 |
| Price Per SqFt | $346 |
| Bathrooms | 0.00 |
| Square Footage | 15,160 |
| Acres | 0.97 |
| Year Built | 1942 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 8755 Shore Place Nw |
|---|---|
| Area | 147 - Silverdale |
| Subdivision | Silverdale |
| City | Silverdale |
| County | Kitsap |
| State | WA |
| Zip Code | 98383 |
Amenities
| Parking Spaces | 36 |
|---|---|
| Is Waterfront | Yes |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Wood Products |
|---|---|
| Foundation | Slab |
School Information
| District | Bremerton #100c |
|---|
Additional Information
| Days on Market | 45 |
|---|---|
| Cumulative Days on Market | 45 |
| Days on Website | 45 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Blake Investment Advisors |
|---|