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Listed by:Spivey Realty Group, LLC • Kevin Spivey
$ 999,500
Est. payment /mo
New
201 N F ST Aberdeen, WA 98520
1 Bed
11 Baths
7,442 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,442 sqft
Price per Sqft $134
Subdivision Aberdeen
MLS Listing ID 2551028
Style 56 - 10+ Units
Bedrooms 1
Year Built 1925
Annual Tax Amount $5,993
Lot Size 6,534 Sqft
Property Sub-Type Multi Family
Property Description
Turnkey Aberdeen multifamily investment with immediate cash flow! The best deal on market with a 9.09% cap rate! The Cambridge Apartments features 11 units totaling ~7442 sq ft on a centrally located corner lot near downtown. The unit mix includes one 1 bed/1 bath and ten studio units, many with oversized walk-in closets that provide added flexibility for tenants. Professionally managed and fully occupied, the property currently generates approximately ~$10,307/month in gross rental income with an estimated 9.09% cap rate. Residents enjoy a large coin-operated laundry room and ample off-street parking. Recent improvements include electrical, plumbing, flooring, water heaters, and more. The property is professionally managed and benefits from regular professional cleaning and ongoing maintenance. Potential to create two additional units by utilizing the unfinished attic space and reconfiguring the existing laundry room. Managed by local PM company, Rentals by Spivey. A rare opportunity to step into a stabilized asset with strong income today and additional upside for the future!
Location
State WA
County Grays Harbor
Area 198 - Aberdeen
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Aberdeen
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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