9-unit apartment building with tons of upside potential! Opportunity to increase rents to market rate, add coin-op laundry and rent out the attached garage or turn into storage lockers for additional income. 5 of the units have been recently updated. Electrical was updated, wall heaters have been installed in each unit, and a newer hot water system was installed. Building exterior was recently painted. 7 units are studios, 1 is a one-bedroom and 1 is a two-bedroom unit. 8.5% CAP RATE with proforma rents!!
MLS# | 2315016 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1953 |
Days On Site | 101 |
Listing Provided By | KW Greater Seattle | Stacey A. Brower |
SQ Feet | 3,038 |
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Story(s) | 2 |
Units | 9 |
Acreage | 0.13 |
State | WA |
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County | Grays Harbor |
City | Aberdeen |
Zip Code | 98520 |
Area | 198 Aberdeen |
Community Name | West Aberdeen |
School District | J M Weatherwax High |
Elementary School | A J West Elem |
Middle School | Miller Jnr High |
High School | J M Weatherwax High |
Listing VS Median (In West Aberdeen) | |
Price: $599,000 low | high Med: $289,900 SqFt: 3,038 low | high Med: 1,454 $ / SqFt: $197 low | high Med: $199 On site: 101 low | high Med: 2.000000 |