$1,490,000
For Sale

704 12th Street #1-15

Bremerton, WA 98337
8980 sqft | 0.10 acres | #2231487
Listing OfficeMultifamily Properties
Browse 27 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

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.

  • Property Details
      • Lot DescriptionCorner Lot, Paved, Sidewalk
      • FoundationPoured Concrete
      • Sewer InformationSewer Connected
      • School DistrictBremerton #100c
      • Elementary SchoolBuyer To Verify
      • Middle SchoolBuyer To Verify
      • High SchoolBuyer To Verify
      • Exterior MaterialsBrick, Stucco
      • Style56 - 10+ Units
      • SubdivisionWest Bremerton
      • Property TypeMulti-Family
      • Property SubtypeMulti-Family
      • Structure TypeMulti Family
      • Date ListedMay 15, 2024
      • Original List Price$1,700,000
      • Taxes Annual$13,816
      • MLS #2231487
      • Cost1490000
      • MLS #2231487
      • Utility SourcePublic
      • CountyKitsap
      • Property ConditionFixer
      • Square Feet8980
      • Year Built1938
      • Acres0.1
      • Days on Market (Cumulative)170
      • Stories2
Morgan StarrReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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