Village Fair Apartment Homes

309 NE Fairgrounds Road, Bremerton, Washington 98311

Status:
Sold
County:
Kitsap
Units:
120
Year Built:
1984
Land Size:
9.40 Acres
Building Size:
103,998 sq. ft.
Floors:
Two and Three
Laundry Room:
Yes
WD in unit:
3-bedrooms
Rental Office:
Yes
On Site Manager:
Yes
CoverParking:
Some
Siding:
Wood
Roof Type:
Pitched Comp
Heat Type:
Electric
Fire Place:
Yes
Storage:
Extra storage each unit
Playground:
Yes
Pool:
Seasonal
Patio Deck:
Yes
Property Photo

Village Fair Apartment Homes are located between the hubs of two major industries - the U.S. Military to the south and a growing healthcare industry to the north. The property has demonstrated consistent rent growth, increasing income and extremely low vacancy. Approximately 35% of the units have been extensively renovated and management has not taken advantage of the renovation when setting rents. Comparable properties indicate immediate rent upside of more than $200 per unit through amenity pricing.

120
Units
1984
Year Built
103,998
SQ. FT.

Property Location