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Listings/Bremerton 6
Bremerton 6
Sale Price: $1,250,000
For more information about this property, please contact the listing broker.
Please visit our Listings page to view apartment buildings and development land currently on the market.
Sale Summary
Charleston 6 was successfully sold for $50,000 above the list price, setting a record for the highest Price/Unit ever achieved in Kitsap County for a property built before 1985. Our team generated excitement in the Kitsap County market, attracting multiple offers and securing a contract before the planned CFO date. The transaction concluded on December 29th with a sale price that exceeded both the list price and the Seller’s expectations.
Property Details
Sale Details
Investment Opportunity
Value-Add Options
Ability to achieve strong Bremerton market rents without major renovations
Increase rents 24% with major renovations to fully optimize operations
Ideal Location
Less than a mile away from Naval-Base Kitsap, the job center of the county
8 minute drive to the Bremerton Ferry which connects to Seattle, WA
Large Building
Large 2 bedroom units averaging 1,020 SF
Tuck-under parking and private storage for all units
Value-Add Options
Ideal Location
Large Building SF
Location
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Location Overview
Kitsap County epitomizes the Puget Sound region’s idyllic natural beauty, and Bremerton is at the heart of it all.
Just ten miles west of Seattle and five miles south of Silverdale, Bremerton is a bustling suburban town tucked just out of sight of the nation’s fastest-growing big city of the last decade. For those seeking to avoid the “concrete jungle” and traffic-ridden commutes, Silverdale offers a sense of “island life” while remaining connected — both literally and figuratively — to the economic growth of the region and live-work-play amenities today’s discerning residents demand.
NAVAL BASE KITSAP
Naval Base Kitsap (NBK) serves as the host command for the Navy’s fleet throughout the Pacific Northwest and is the third largest U.S. Navy installation in the United States. The armed forces are a huge part of the life in Silverdale, employing 8.3% of the workforce.
48,561
TOTAL HOUSEHOLDS
37.1
MEDIAN AGE (5 MI)
120,478
POPULATION (5 MI)
$87,402
AVERAGE INCOME (5 MI)
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