704 12th Street, Unit 115
Bremerton, WA 98337
$1,700,000
Price
7
Beds
15
Baths
8,980 Sq. Ft.
$189 / Sq. Ft.
8,980
Sq. Ft.
$189
per Sq. Ft.
Listing provided courtesy of Multifamily Properties
Description
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...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.
- Listed by Brandon M Vukelich • Multifamily Properties
Property Details for 704 12th Street, Unit 115
Community Name
West Bremerton
School DistrictBremerton #100c
Number of Assigned Spaces0
Total Covered Parking0
Entry Date05-15-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:23 PM
Property Details for 704 12th Street, Unit 115
| Status | Active |
|---|---|
| MLS # | 2231487 |
| Days on Market | 182 |
| Cumulative Days on Market | 137 |
| Taxes | $13,816 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1938 |
| Lot Size | 0.10 AC / 4,356 SF |
| County | Kitsap County |
Building Information for 704 12th Street, Unit 115
Stories2Residences15Year Built1938Building Size-Lot Size0.10 AC / 4,356 SF
Property Information for 704 12th Street, Unit 115
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 148 - West Bremerton
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: WA-3 N. Take WA-304 E and Burwell St to 12th St in Bremerton
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Amenities: Basement,Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Other – See Remarks
- FIRPTA: No
Exterior Features
- Exterior: Brick, Stucco
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 9300
- Sewer Company: City of Bremerton
- Water Company: City of Bremerton
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- First Right Of Refusal: false
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1938
- Photos Count: 27
Lot Information
- Lot Details: Corner Lot, Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 37840010060008
- Building Condition: Fixer
- Calculated Square Footage: 8980
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 8980.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 2
- Unit Number: 1-15
- Vacancy Rate: 5
- Number Of Units Total: 15
- Units Below Grade: false
- Units In Building Total: 15
Financing / Income and Expenses
- Electric Expense: $6,507
- Total Expenses: 57147
- Gross Adjusted Income: 206118
- Gross Rent Multiplier: 8.33
- Gross Scheduled Income: $203,640
- Insurance Expense: $2,325
- Net Operating Income: $145,221
- Other Expenses: $25,199
- Total Monthly Income: 13741
- Fuel Expense: $0
Unit 1
- Name Unit 1: 15
- Square Feet Unit 1: 755
- Rent Unit 1: $1,495.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 14
- Square Feet Unit 2: 525
- Rent Unit 2: $1,000.00
- Bedrooms Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 13
- Square Feet Unit 3: 700
- Rent Unit 3: $1,295.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 12
- Square Feet Unit 4: 700
- Rent Unit 4: $1,295.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 11
- Square Feet Unit 5: 700
- Rent Unit 5: $1,295.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 10
- Square Feet Unit 6: 525
- Rent Unit 6: $1,000.00
- Bedrooms Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 9
- Square Feet Unit 7: 525
- Rent Unit 7: $1,000.00
- Bedrooms Unit 7: 0
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Square Feet Unit 8: 700
- Rent Unit 8: $1,295.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 7
- Square Feet Unit 9: 525
- Rent Unit 9: $1,000.00
- Bedrooms Unit 9: 0
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 6
- Square Feet Unit 10: 525
- Rent Unit 10: $1,000.00
- Bedrooms Unit 10: 0
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 5
- Square Feet Unit 11: 525
- Rent Unit 11: $1,000.00
- Bedrooms Unit 11: 0
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 4
- Square Feet Unit 12: 525
- Rent Unit 12: $1,000.00
- Bedrooms Unit 12: 0
- Bathrooms Unit 12: 1
Unit 13
- Name Unit 13: 3
- Square Feet Unit 13: 525
- Rent Unit 13: $1,000.00
- Bedrooms Unit 13: 0
- Bathrooms Unit 13: 1
Unit 14
- Name Unit 14: 2
- Square Feet Unit 14: 700
- Rent Unit 14: $1,295.00
- Bedrooms Unit 14: 1
- Bathrooms Unit 14: 1
Unit 15
- Name Unit 15: 1
- Square Feet Unit 15: 525
- Rent Unit 15: $1,000.00
- Bedrooms Unit 15: 0
- Bathrooms Unit 15: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6489.0
- Leasable Area Units: Square Feet
Property History for 704 12th Street, Unit 115
| 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.
Schools near 704 12th Street, Unit 115
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 Multifamily Properties
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.
