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  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential Income
Size  sqft
Garage No
Taxes $25,622
Days Active 4
Lot Size 
Approx. Age 1942
MLS® Number 2431025

Property Address: 

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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