Newly constructed in 2024, Summit Vista combines luxury living and modern design in a tranquil, low-density environment. This thoughtfully designed 119-unit community offers breathtaking views of the Olympic Mountains and prioritizes connectivity and community. It provides residents with a serene lifestyle and direct access to everyday conveniences, major employers, and surrounding nature. Located in Port Orchard, Summit Vista is just a short ferry ride away from downtown Seattle and its key employers. The local economy thrives on a diverse array of sectors, including government, tourism, aerospace, and healthcare industries. At Summit Vista, residents enjoy opulent living with top-of-the-line amenities, such as a fitness center, pickleball courts, a community lounge, an outdoor patio, carports, and more. The community provides a unit mix ranging from studios to two-bedroom apartments, each combining modern design with luxury features like stainless steel appliances, in-unit laundry, and private patios. Recently stabilized with a 96% occupancy rate, the property benefits from the aging inventory in the surrounding submarket. This presents a unique opportunity to acquire Summit Vista at a discount to replacement cost, with built-in equity as market conditions improve and property values appreciate, making it an exceptional investment opportunity. INVESTMENT HIGHLIGHTS • Turnkey Asset With Substantial Upside Potential: Built in 2024 by Brixx Development and recently stabilized, new ownership can enhance revenue streams through increased RUBS implementation, parking, and storage income. • Meticulous and Modern Design: Offering options from studios to two-bedroom units, Summit Vista features stainless steel appliances, luxury vinyl plank flooring, vaulted ceilings, in-unit washers and dryers, private patios, and either air conditioning or exhaust ports in all units. • First-Class Community Amenities: The expansive community provides premier amenities, including a fitness center, playground, tennis and pickleball courts, a community lounge with a business center, an outdoor patio with barbecues, package lockers, and carports. These top-tier amenities are a competitive advantage for setting market rents. • Strong Market Fundamentals: The Bremerton market has seen a 170-basis-point increase in occupancy over the past year, with rent growth (6.6%) significantly outpacing Seattle Metro's average of 2%. Additional upside can be achieved by continually increasing units to market rates by an average of 6%. • Economic Stability: Bremerton’s economy is bolstered by military jobs, making it less susceptible to market volatility and economic headwinds. Naval Base Kitsap contributes $4.1 billion annually to the local economy and supports over 36,900 direct jobs. • Limited New Supply: Rental demand is strengthened by the naval shipyard and commuters drawn to the market’s new apartment inventory, offering quick access to major employers in downtown Seattle via a ferry ride. After a period of peak supply, only 58 units are under construction in the South Kitsap submarket.