Sold For$1,240,000
StatusClosed
Sold Date8/23/2022
SqFt
5,680
Acres
0.350
CountyKitsap
SubdivisionKeyport
Year Built1986
Property TypeResidential Income
Property Sub TypeMulti-Family
Rare opportunity to own a quality multi-family building in one of the fastest growing markets in the Puget Sound. The property provides an incoming investor the potential to complete a value-add project while simultaneously achieving cash-flow, an exceedingly unique find in the PNW region. Situated within the largest cluster of Navy Bases in the NW, the area's largest employer and reliable source of tenants. Comprised of (six) 2bd/1bth units and features: in-unit W/D, private balconies, access to abundant nature, ample parking, and a peaceful setting. Solid operating history, no delinquencies, potential to achieve a 6.9 cap once stabilized at market expectations.