8755 Shore PL NW Active Save Request In-Person Tour Request Virtual Tour
Silverdale,WA 98383
Key Details
Property Type Other Types
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