Average square foot calculated using Size range provided by listing agent.
Description
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.Show Description
MLS® Number2431025
Laundry Level
Central VacNo
FireplaceNo
Acreage0.97
ExteriorWood Products
GarageNo
Approx. Age1942
Basement
Driveway
Garage Spaces
HeatForced Air
A/CNone
Heating Fuel
Extras
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