801 Veneta Avenue, Bremerton, WA 98337
- $749,900
- 4,752
- SqFt
Listing courtesy of Lumin Brokers of Washington.
- List Price
- $749,900
- Status
- ACTIVE
- MLS#
- 2425552
- Price Change
- ▼ $25,000 1784068558
- Days on Market
- 334
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 4,752
- Area Total SqFt
- 4752
- Annual Tax Ammount
- 6631
- Lot Size (sq ft)
- 8,276
- Sewer
- Sewer Connected
Property Description
6-plex features one unit with 0 bedroom and 1 bathroom, four units with 1 bedroom and 1 bathroom, and one unit with 3 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 18% to meet current market rents. Current Cap Rate of 8.55% would be raised to 10.84%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
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Additional Information
- List Date
- 2025-08-26 17:32:11
- Community
- West Bremerton
- Net Operating Income
- $64,129
- Gross Adjusted Income
- $93,060
- Gross Scheduled Income
- $93,060
- Total Monthly Income
- $7,755
- Insurance Expenses
- $2,500
- Water/Sewer/Garbage Expenses
- $16,800
- Gross Rent Multiplier
- 8.06
- Total Expenses
- $28,931
- Cap Rate
- 8.55
- Total Number of Units
- 6
- Unit Name
- 801
- Potential Terms
- Cash, Conventional, See Remarks
- Year Built
- 1912
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet
- Other Expenses
- 3000
- Energy Source
- Electric, Natural Gas
- School District
- Bremerton #100c
- Total Monthly Income
- $7,755
- Gross Scheduled Income
- $93,060
- Gross Adjusted Income
- $93,060
- Tax Year
- 2025
- Insurance Expense
- $2,500
- W/S/G Expenses
- $16,800
- Total Expenses
- $28,931
- Net Operating Income
- $64,129
- Gross Rent Multiplier
- 8.06
- Cap Rate
- 8.55
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.