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Waterfront Park Apartments

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Waterfront Park Apartments

8755 Shores Pl NW, Silverdale, WA 98383
Multi-Family For Sale Available Built 1943 2 floors Zoning: MULTI-FAMILY
Asking Price
$5,250,000
Total Building15,160 SF
Land42,292 SF land
Parking Total30
& Uncov.
MarketSilverdale
CountyKitsap

Read Overview
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Overview

Property ID
296269
Listing ID
701596
Type
Multi-Family
Asset Class
Multi-Family
Zoning
MULTI-FAMILY

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

Listing Courtesy of:

GB
Gabe Blake
Blake Investment Advisors
6834 51st Ave NE,
Seattle, WA 98115
State: WA City: Silverdale ZIP: 98383 Type: For Sale

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