1215 Gregory Way, Bremerton WA

Built in 1959, this two story 12-unit community is comprised of one and two-bedroom units averaging 625 SF. An extremely rare value-add opportunity, the Phillips apartments are being offered to investors roughly 84% vacant. New ownership will have the opportunity to begin their interior renovation program immediately upon purchase. Walking distance from the Bremerton shipyard, Navy Museum, Bremerton ferry and most local retail – the Phillips apartments are extremely centrally located. This value-add offering is well positioned to provide new ownership with immediate equity upon completing interior renovations and the releasing of vacant units.