This is a rare opportunity to turn a single parcel into a cash-flowing asset or a lucrative fix and flip. Sitting on a 13,504 sqft lot, the property includes not 1 but 2 structures: a permitted 1 bed 1 bath 896 sqft single-family home (highly recommend coverting to 2 bed since there is a very large 1 bedroom) and a separately metered 2 bed 1 bath 1,099 sqft manufactured home built in 1991.

The upside here is substantial. Renovate both dwellings and you’re looking at a powerful buy-and-hold with dual rental income or a high-margin flip. With separate units and utilities, this property can easily be repositioned into a duplex-style setup perfect fix & flip, Section 8 rentals, or long-term tenants. Properties like this rarely come up in this part of Bremerton. You can also fix and flip this property for a healthy 10% return. 

The main home needs some cosmetic updating—bathroom remodel, drywall and flooring repairs, and a deep clean—but it’s livable. The manufactured home is in solid shape structurally and cosmetically dated, but sits on permanent foundation and is permitted. For manu's, that's a big deal! Whether your strategy is a conventional flip, or cashflow rental, the exit options are all strong.

Main House ARV: $350,000

• 1107 Bloomington Ave    $349,950 2 bed 1 bath 774 sqft
• 112 S Oyster Bay Ave     $384,000 2 bed 1 bath 968 sqft
• 3739 W C St       $323,000 2 bed 1 bath 784 sqft
• 1910 5th St       $350,000 1 bed 1 bath 950 sqft
• 1527 E High Ave     $375,000 2 bed 1 bath 956 sqft
• Rental Comps: $1,800 per month

Manufactured Home (1991) ARV: $175,000

• 1524 Bertha Ave NW   $335,000 2 bed 2 bath 1,080 sqft
• 3724 W F        $373,000 3 bed 2 bath 1,323 sqft
• 3505 Sylvan Pines Cir  $299,950 2 bed 2 bath 1,050 sqft
• Rental Comps: $1,800 per month

Combined ARV: ~$525,000 with SFR and mobile home

Combined Rent: $3,600 per month

Properties with a permitted second structure already in place don’t come around often. This one is already teed up for a strong return.

Contact Viktor Rybachuk at 206-488-0606 to get this deal.