Opportunity to acquire a 36-unit townhome community in Bremerton, WA with proximity to Kitsap Transit Center and big box retailers including Fred Meyer, Lowe’s and the Puget Sound naval shipyard.

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Opportunity to acquire a 36-unit townhome community in Bremerton, WA with proximity to Kitsap Transit Center and big box retailers including Fred Meyer, Lowe’s and the Puget Sound naval shipyard.

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Overview

Mills Crossing is located at the heart of Bremerton’s retail core along Highway 303 and less than 3.5 miles from the Bremerton Ferry Terminal which connects the city to downtown Seattle in under 30 minutes.

Currently under construction and scheduled to receive their Certificate of Occupancy June 2022 this development is comprised of 36 three-story townhomes averaging over 1,400 square feet. Each unit has an attached oversized single car garage, luxury quartz countertops, stainless steel appliance package and faux wood vinyl flooring.

Apartment Home Amenities

  • Spacious homes averaging over 1,400 SF
  • Front to back unit construction – all with garage stalls
  • Condo-quality interiors; stainless steel appliance package with glass stove tops, white slow-close shaker cabinets, vinyl plank flooring throughout living and common areas, hard surface quartz countertops

Property Summary

Address 1003 Little Haven Ln, Bremerton, WA
APN 022401-1-1071-2007
No. of Units 36
NRSF 53,168 SF
Year Built 2022
Site Area 1.47 AC / 64,033 SF
Parking 36 garage / 39 paved

Construction Specifications

No. of Buildings / Floors 5 / 3
Structure Wood framed
Foundation Slab on grade
Roof Pitched, single composition
Siding Hardieplank
Plumbing PEX
Heat Cadet – Electric
36
TOWNHOME
UNITS
2022
BRAND NEW
CONSTRUCTION
1,437
AVERAGE
UNIT SF

Investment Highlights


36 condo-quality townhomes in desirable and growing community. Bremerton is currently growing at a rate of 1.23% annually and the population has increased by 13.89% since 2010 - World Population review.
Mills Crossing features spacious floor plans consisting of 2-bedroom/2-bathroom and 2-bedroom/2.5-bathroom units.
Transit-oriented development – walking distance to Kitsap Transit Center (0.2 miles) and less then 4 miles to Bremerton Ferry Terminal providing direct access to downtown Seattle.
Excellent proximity to the largest Naval Shipyard on the West Coast (4.9 miles) proving over 20,000 jobs to active duty and civilian employees.
Adjacent to Kitsap Landing – a soon-to-be-developed, 19-acre, single-family home community built by Richmond American Homes.
Kitsap County is home to a dense defense economy with 50% of its employment base tied to military and defense industry, supported by an annual expenditure by the Dept. of Defense of $1.6 billion, or approximately $6,200 per Kitsap County Resident.

Due Diligence

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