8755 Shore Place NW, Silverdale, WA 98383
Courtesy of Blake Investment Advisors
- $5,200,000
- 15,160
- SqFt
- List Price
- $5,200,000
- Status
- ACTIVE
- Days on Market
- 367
- Price Change
- ▼ $50,000 1788481486
- MLS#
- 2431025
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1942
- Living Area
- 15,160
- Lot Size
- 42,253
- Acres
- 0.97
- Subdivision
- Silverdale
- Neighborhood
- Silverdale
- MLS Area Major
- Silverdale
Property Description
Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.97% cap rate and a 6.08% 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.
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Additional Information
- Exterior Features
- Wood Products
- Property Description
- 56 - 10+ Units
- Flooring
- Vinyl Plank
- Heating
- Forced Air
- Air Conditioning
- None
- Roof
- Metal
- School District
- Bremerton #100c
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