James & Angie Smith

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Listing provided courtesy of Lumin Brokers of WashingtonNWMLSas Distributed by MLSGrid- MLS# NWM2425552MLS Provider

801 Veneta AvenueBremerton, WA 98337

Multi-Family · 7 Beds · 4,752 Sq. ft. | 0.19 Acres
$799,900 Active

801 Veneta Avenue Overview

Visits:
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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 8.02% would be raised to 10.16%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!

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801 Veneta Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,752
  • Price/Sq.ft. $168
  • Lot 0.19 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Bremerton #100c

Income/Expenses

  • Other Expense: 3000
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 93060
  • Insurance Expense: 2500
  • Net Operating Income: 64129
  • Total Expenses: 28931
  • Total Monthly Income: 7755
  • Water/Sewer/Garbage: 16800

Building Information

  • Building Name: Veneta Townsite
  • New Construction: No
  • Year Built: 1912

Location/Region

  • Country: US
  • County Or Parish: Kitsap
  • MLS Area Major: 148 - West Bremerton
  • Subdivision Name: West Bremerton

Community/Development

  • Amenities: Basement

Tax Information

  • Tax Annual Amount: $6,631.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, See Remarks
  • Parcel Number: 38110060010009
  • Possible Use: Multi-Family
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 4752
  • Building Area Units: Square Feet
  • Calculated Square Footage: 4752
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 4752
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking Spaces: 0
  • Open Parking: No
  • Parking Uncovered Spaces: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Acres: 0.19
  • Lot Size Square Feet: 8276
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, High Speed Internet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 6
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1185
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1185
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1185
  • Beds Total: 0
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1280
  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 1935
  • Beds Total: 3
  • Baths Total: 2

Unit 4 Details

  • Actual Rent: 985
  • Beds Total: 1
  • Baths Total: 1

801 Veneta Avenue Neighborhood

Community

98337 (Bremerton) Demographics

33
Median Age
4,173
Population Density (per sq. mile)
45%
College Educated
$55,433
Estimated Median Income
1,617
Estimated Total Home Owners
1,896
Estimated Total Renters
46% / 54%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

801 Veneta Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

801 Veneta Avenue Market Data

Based on the last 30 days in this zip code

$470,554
Average List Price
$281
Average Price per Square Foot
7
Properties Sold
86
Average Days on Market
22
Properties for Sale
Calculations provided by Reliance Network