704 12th Street # 1-15 Bremerton, WA $ 1,700,000
704 12th Street # 1-15
$ 1,700,000
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704 12th Street # 1-15

Bremerton, WA, 98337
$ 1,700,000
Baths0.0 Sq 8,980

Monthly Estimate*

$ 11,299

Listed by Multifamily Properties
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Studio

Multi-Family Home for sale in Bremerton, WA

for $1,700,000. This 8,980 square foot home was built in 1938 on a lot size of 0.1.

The Wedgewood Apartments is a 1938 vintage 15-unit apartment building with so much character and potential. The property is centrally located near Olympic College, Bremerton High School & Evergreen Rotary Park. It is also only a few minutes from downtown Bremerton, the ferry and the shipyard. The Wedgewood has a great unit mix of mostly studio and 1-bedroom units along with one 2-bedroom apartment. This is an extremely rare opportunity for a mid-sized multifamily in Kitsap County. Properties this size do not trade very frequently. This is a heavy value-add prospect that allows new ownership to rehabilitate and capture top rents in a low supply market.

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Multi-Family Active

Price

$ 1,700,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 13,816

Style

10+ Units

Lot Size

0.1

Year Built

1938

Town/City

Bremerton

County/Region

Kitsap

MLS | Web ID

2231487

Features
General
Sewer Sewer Connected
Heating Other – See Remarks
Cooling None
Possession Closing
Roof Composition
Exterior Features Brick Stucco
HOA 0
Year Built 1938
Unit Number 1-15
Property SubType Multi-Family
Tax Year 2024
County Kitsap
Net Operating Income 145221
Insurance Expense 2325
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name West Bremerton
Special Listing Conditions None
Status Active
Directions WA-3 N. Take WA-304 E and Burwell St to 12th St in Bremerton
High School Buyer To Verify
City Bremerton
Buyer Agent Compensation 2.25
View Y/N N
Senior Community Y/N N
High School District Bremerton #100c
Open Parking Spaces 0
NumberOfUnitsTotal 15
MLS Area 148 - West Bremerton
Lot Size Units Square Feet
Lot Size Square Feet 4356
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 12th
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 13816
Electric Expense 6507
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Fixer
Public Remarks The Wedgewood Apartments is a 1938 vintage 15-unit apartment building with so much character and potential. The property is centrally located near Olympic College Bremerton High School & Evergreen R
Leasable Area 6489
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities Basement Coin Op Laundry
Water Company City of Bremerton
Units Below Grade false
Units In Building Total 15
Water Sewer Garbage 9300
Property Style 56 - 10+ Units
Cap Rate 4.29
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Bedrooms Possible 0
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Corner Lot Paved Sidewalk
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 8980
Lot Size Acres 0.1
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 0
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Internal Only
OriginalMLSID NWM2231487
Street Number 1 704
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* Excluded Features
List By
Brandon M Vukelich

Listing Agent

Multifamily Properties

Broker

Affordability Calculator

$12,450
Per Month
91%
9%
0%
Monthly Principal & Interest
$11,299
Monthly Property Taxes
$1,151
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3100681 Elementary School
3100533 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$1,700,000 Listed Price

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704 12th Street # 1-15, Bremerton, WA, 98337 is a Multi-Family Home for sale at $1,700,000 with 8,980 sqft and a lot size of 0.1. 704 12th Street # 1-15 is a studio with 0.0 baths and was built in 1938. The property's zip code is 98337 which is in Bremerton, WA