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136 S Cambrian Ave

136, Cambrian Ave, Bremerton, WA 98312
$1,425,000

Description

136 S Cambrian Ave (Status: Pending)

136, Cambrian Ave, Bremerton, WA  98312

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.

Listing Details

Asset Class: Multi-Family
Year Built: 1940
Building Total Square Feet: 2225
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 9
Local Zoning Information:

CBA

Listing Courtesy of: The Foundation Group

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 136, Cambrian Ave, Bremerton, WA 98312
  • City: Bremerton
  • State/county: WA
  • Zip/Postal Code: 98312
  • Neighborhood: Bremerton
  • Country: United States

Detail

Updated on June 26, 2022 at 1:36 am

  • Property ID: 652081
  • Price: $1,425,000.00/For Sale
  • Property Size: 2225 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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