Bought with NW Elite Home Brokers
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Key Details
Sold Price $1,095,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $109
Subdivision Aberdeen
MLS Listing ID 2202164
Sold Date 04/30/24
Style 56 - 10+ Units
Year Built 1923
Annual Tax Amount $6,598
Lot Size 6,534 Sqft
Lot Dimensions 47x129x48x129
Property Description
Introducing a 14-unit apartment building comprising 11 one-bedroom units, 2 studios, and 1 two-bedroom residence. Recently upgraded with a new roof and siding. This building has great cash flow and minimal vacancies. Currently below market rates, rents present an opportunity for significant increase through cosmetic upgrades. Unlock the full earning potential of this prime investment opportunity located just 60 minutes from Olympia, WA. 9.2 Cap based on 2 vacancies being filled which we have applications in hand.
Location
State WA
County Grays Harbor
Area 198 - Aberdeen
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Wood, Wood Products
Waterfront No
View Y/N Yes
View Territorial
Roof Type Flat
Building
Lot Description Alley, Cul-De-Sac, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Robert Gray Elem
Middle Schools Miller Jnr High
High Schools J M Weatherwax High
School District Aberdeen
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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