MLS #2431025 / Listing provided by NWMLS .
$5,250,000
8755 Shore Place NW
Silverdale,
WA
98383
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 36
- Uncovered Parking Spaces: 36
- Open Parking Spaces: 36
Structure
- Roof: Metal
- Exterior Features: Wood Products
- Foundation: Slab
Lot Details
- Acres: 0.97
- Foundation: Slab
Schools
- High School District: Bremerton #100c
Lot Details
- Acres: 0.97
- Foundation: Slab
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 30527
Danielle Laybourn
Broker | REALTOR®
Send Danielle Laybourn an email