WA > Silverdale > Silverdale
Silverdale, WA 98383,8755 Shore PL NW
Silverdale, WA 98383,8755 Shore PL NW
Silverdale, WA 98383,8755 Shore PL NW
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Ranjani Ravi

Ranjani Ravi

+1(425) 906-3948
Listed by Blake Investment Advisors
$5,250,000
Est. payment /mo
36 Beds
20 Baths
15,160 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,160 sqft

Price per Sqft $346

Subdivision Silverdale

MLS Listing ID 2431025

Style 56 - 10+ Units

Bedrooms 36

Year Built 1942

Annual Tax Amount $25,622

Lot Size 0.970 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County Kitsap

Area 147 - Silverdale

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood Products

Waterfront Description Ocean Front

View Y/N No

Roof Type Metal

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Bremerton #100C

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

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Ranjani Ravi

Ranjani Ravi

+1(425) 906-3948

Managing Broker | License ID: 23004133

Managing Broker License ID: 23004133

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