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 6.75% would be raised to 8.56%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
Listing Provided Courtesy of Rich Kim, Lumin Brokers of Washington
General Information
NWM2425552
Multi Family
1
DOM
8276.4 SqFt
4752
1912
Multi-F
Kitsap
Residential Incom
Multi Family
Listing Provided Courtesy of Rich Kim, Lumin Brokers of Washington
Krishna Realty data last checked: Sep 18, 2025 03:17 | Listing last modified Aug 28, 2025 02:57,
Source:
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 6.75% would be raised to 8.56%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
