Provided by NWMLS, Bought with Emerald Real Estate Group, Inc and Listed by The Foundation Group LLC
Sold
136 S Cambrian Avenue
Bremerton WA, 98312
$1,485,000
$377.19 per sqft
Sold
3,937 sqft
Multi-family
Built in 1940
Cambrian Apartments - located in the Charleston neighborhood of Bremerton is a fully-occupied top performer property with 9 efficient 1B/1B units. Market cap rate of 6.52% with easily achieved market rent of $1,175. Charming interiors which have remained relatively untouched since 1940 adorned with arched entries into kitchens and cozy floor plans. The property has been owner managed and well-maintained but a few significant updates to the property include new roof in 2022, gutters replaced in 2022, and a Weil-McLain boiler three years ago. Property has four uncovered parking spaces and five garages (4 vacant). Value-add component lies with implementing utility billbacks, lease the garages, and increase rents to market rate.
1933748
MLSⓇ ID
May 16, 2022
Listed
October 24, 2024
Updated
Map
136 S Cambrian Avenue
Bremerton WA, 98312
Interior Features
Total Stories
2
Interior Features
Wall to Wall Carpet
Floor Description
Carpet
Fireplace
No
Cooling
No
Heating
Yes
Exterior/Building Features
Lot Size
0.21 Acres
Exterior Features
Wood
Roof
Composition
Sewer
Sewer Connected
School Information
School District
Bremerton #100c
Other Property Details
Area Name
148 - West Bremerton
Taxes
$7,813
Tax Frequency
Annually
Garage
No
Parking Total
9
View
No
County
Kitsap
Water Source
Community
Pool
No
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 11/21/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 11/21/2024 at 7:00 AM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data last updated on 11/21/2024 at 7:00 AM UTC