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.
1933748
Multi-Family, 2 Story
Kitsap
1940
0.21
Acres
Community
2
Wood
Sewer Connected
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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