704 12th Street #1-15 Bremerton WA 98337 MLS #NWM2231487

704 12th Street #1-15
Bremerton, WA, 98337
$1,490,000
Beds
0 Baths
8,980 SqFt
0.1 Acres
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Listing Provided Courtesy of Multifamily Properties
The Wedgewood Apartments is a 1938 vintage 15-unit apartment building with so much character and potential. The property is centrally located near Olympic College, Bremerton High School & Evergreen Rotary Park. It is also only a few minutes from downtown Bremerton, the ferry and the shipyard. The Wedgewood has a great unit mix of mostly studio and 1-bedroom units along with one 2-bedroom apartment. This is an extremely rare opportunity for a mid-sized multifamily in Kitsap County. Properties this size do not trade very frequently. This is a heavy value-add prospect that allows new ownership to rehabilitate and capture top rents in a low supply market.

Property Details

Price:
$1,490,000
MLS #:
NWM2231487
Status:
Active
Beds:
0
Baths:
0
Address:
704 12th Street #1-15
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
West Bremerton
Neighborhood:
148 – West Bremerton
City:
Bremerton
Listed Date:
May 15, 2024
State:
WA
Finished Sq Ft:
8,980
Total Sq Ft:
8,980
ZIP:
98337
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1938
Units:
15
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Schools

School District:
Bremerton #100c
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify

Interior

Cooling
None
Heating
Other – See Remarks

Exterior

Exterior Features
Brick, Stucco
Roof
Composition

Financial

Net Operating Income
$145,221
Tax Year
2024
Taxes
$13,816

Map

Community

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704 12th Street #1-15
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