Properties Sold

Cambrian Apartments
$1,425,000

Cambrian Apartments
136 S Cambrian Ave, Bremerton, WA
9-units

Tucked away in the Charleston neighborhood of Bremerton is the Cambrian Apartments, a nine-unit value-add building with efficient one-bedroom and one-bathroom units. The property has charming interiors which have remained relatively untouched since 1940 adorned with arched entries into kitchens and unique cabinetry. 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 parking uncovered spaces and five garages that are currently vacant. An investor could implement utility bill-backs, lease the garages, and slowly increase rents to the market rate to achieve a 6.62% cap rate.

 

Listing Agents

Aaron Locke
P: 206.774.5436
E: Email Aaron

Ethan Szmania
P: 206.774.5419
E: Email Ethan

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