Description
Investment Highlights:~Exceptional Beachfront Location: A rarity in apartment ownership is the chance to own an asset where residents can step out their front door and take a walk on the beach overlooking the gorgeous Dyes Inlet. ~Desirable Floor Plans: Waterfront Park features 16 two-bedroom townhome-style apartment homes and 4 one-bedroom units.~Constrained Housing Supply: No new multifamily units under construction in the Silverdale sub-market. ~Demonstrated Rent Growth: Rental rates have increased 9.82% since 2023, reflecting strong tenant demand. ~Turnkey Renovations: Over $1,100,000 in comprehensive upgrades completed, including new roofs, siding, appliances, flooring, cabinetry, electrical, and plumbing systems. ~Thriving Regional Economy: Anchored by Naval Base Kitsap