$5,250,000

8755 Shore Place NW, Silverdale, WA 98383

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1942
  • Property Lot Size Icon0.97acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This listing courtesy of Gabe Blake, Blake Investment Advisors

Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.93% cap rate and a 6.56% cash-on-cash return on current rents. The property features 16 spacious two-bedroom townhome-style units and 4 one-bedroom units, averaging 758 SF. Ownership has invested over $1.1M in capital improvements, delivering modern finishes and durable systems throughout—new roofs, Hardie siding, cabinetry, stainless steel appliances, in-unit washers/dryers, upgraded electrical and mechanical systems, and stylish interior updates. The result is a low-maintenance, high cash-flowing asset poised to capture long-term rent growth in one of Kitsap's most desirable waterfront locations.

Listing Status:
Active
Listing Office:
Blake Investment Advisors : 206-618-2207
Listing Agent:
Gabe Blake : 206-618-2207
MLS ID:
2431025
  • Flooring: Vinyl Plank
  • A/C: None
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0
  • General: Wood Products
  • Parking: Parking spaces: 36
  • Roofing: Metal
  • General: 56 - 10+ UnitsSlab
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Bremerton #100c
  • County: Kitsap
  • Zoning: 44630000060204
  • Water: Public
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Gabe Blake, Blake Investment Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Silverdale Elementary School

9100 Dickey Rd NW, Silverdale, WA, 98383

Grades PK-5

0.85 miles away

C

Central Kitsap Middle School

3850 NW Anderson Hill Rd, Silverdale, WA, 98383

Grades 6-8

0.73 miles away

C

Central Kitsap High School

10140 Frontier Pl NW, Silverdale, WA, 98383

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.