1345 Elizabeth Avenue
Bremerton, WA 98337
$525,000
Last Sold Price
—
Beds
3,662 Sq. Ft.
$143 / Sq. Ft.
3,662
Sq. Ft.
$143
per Sq. Ft.
Sold 7/19/19
Sold 7/19/19
Listing provided courtesy of Windermere RE West Sound Inc., Strategy Real Estate, Inc.
Description
Investment opportunity! Very well maintained fully rented 7 unit apartment building just a few blocks from Olympic college and one block to Evergreen Park. 6 furnished studios and a 1 bedroom apartment, large laundry room with coin op machines, tenant and bike storage, large owner workroom. New roof in 2015. With market rents, could be 7%+ cap. 3 units have parking in back. Some units updated in 2018. Only 1.1 miles to Bremerton - Seattle ferry and Puget Sound Naval Shipyard.Investment opportunity! Very well maintained fully rented 7 unit apartment building just a few blocks from Olympic college and one block to Evergreen Park. 6 furnished studios and a 1 bedroom apartment, large laundry room with coin op machines, tenant and bike storage, large owner workroom. New roof in 2015. With market rents, could be 7%+ cap. 3 units have parking in back. Some units updated in 2018. Only 1.1 miles to Bremerton - Seattle ferry and Puget Sound Naval Shipyard.
- Listed by Julie Jablonski • Windermere RE West Sound Inc.
Property Details for 1345 Elizabeth Avenue
Community Name
Bremerton
School DistrictBremerton #100c
ViewTerritorial
Number of Assigned Spaces3
Total Covered Parking0
Entry Date10-17-2018
SewerSewer Connected
LISTING UPDATED: 09/05/2024 05:37 AM
Property Details for 1345 Elizabeth Avenue
| Status | Sold |
|---|---|
| MLS # | 1376145 |
| Days on Market | 195 |
| Cumulative Days on Market | 195 |
| Taxes | $3,135 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1920 |
| Lot Size | 0.08 AC / 3,485 SF |
| County | Kitsap County |
Building Information for 1345 Elizabeth Avenue
Stories2Residences7Year Built1920Building Size-Lot Size0.08 AC / 3,485 SF
Property Information for 1345 Elizabeth Avenue
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Gas Available
- Area: 148 - West Bremerton
- Elementary School: Naval Avenue Elem
- Middle Or Junior School: Mtn View Mid
- High School: Bremerton High
- Directions: From Bremerton Ferry: Head NE on Washington Ave, left on 11th Ave, right on Elizabeth Ave. From Silverdale, take WA-303 S. Turn left on 17th, right on Elizabeth.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2018
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 3.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: http://tours.cascadepromedia.com/Property/PublicPhotoGallery?PropertyKey=2716&branded=false
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Vinyl, Carpet
- Features: Forced Air, Wall to Wall Carpet
- Amenities: Basement,Coin Op Laundry,Storage
- Fireplace: No
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 3955
- Power Company: Puget Sound Electric
- Sewer Company: City of Bremerton
- Water Company: City of Bremerton
- Power Production Type: Electric
- Utilities: Natural Gas Available, Sewer Connected, Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Special Listing Conditions: None
- Photos Count: 16
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Kitsap Assessor
- Parcel Number Free Text: 37640000020008
- Building Condition: Good
- Calculated Square Footage: 3662
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3662.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 3
- Number of Stories in Building: 2
- Vacancy Rate: 19
- Number Of Units Total: 7
- Units Below Grade: true
- Units In Building Total: 7
Financing / Income and Expenses
- Electric Expense: $1,554
- Total Expenses: 18469
- Gross Adjusted Income: 40191
- Gross Rent Multiplier: 11
- Gross Scheduled Income: $49,260
- Insurance Expense: $3,143
- Net Operating Income: $21,722
- Other Expenses: $9,824
- Total Monthly Income: 4155
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2771.0
- Leasable Area Units: Square Feet
Property History for 1345 Elizabeth Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1345 Elizabeth Avenue
Taxable ValueLand$74,120Additions$653,030Total$727,150
Tax Record2024$6,187 ($516 / month)
Home Facts
Baths7Total Finished SqFt2,206 SqFtAbove Ground SqFt2,206 SqFtStories1Lot Size3,049 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningCITYCountyKITSAPAPN3764-000-002-0008
Schools near 1345 Elizabeth Avenue
This home is within Bremerton School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 11 to 12 |
Rating | School | Distance |
|---|---|---|
Naval Avenue Elementary School PublicPK to 5 | ||
Mountain View Middle School Public6 to 8 | ||
Bremerton High School Public9 to 12 | ||
West Sound Technical Skills Center Public11 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Windermere RE West Sound Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
