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Listed by:Spivey Realty Group, LLC • Kevin Spivey

$799,900

Est. payment - /mo

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8 Beds

7 Baths

8,056 SqFt

Active

721 N K ST Aberdeen, WA 98520

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,056 sqft

Price per Sqft $99

Subdivision Aberdeen

MLS Listing ID 2578576

Style 55 - 5-9 Units

Bedrooms 8

Year Built 1909

Annual Tax Amount $6,367

Lot Size 6,500 Sqft

Property Sub-Type Multi Family

Property Description

Turnkey Aberdeen multifamily investment with immediate cash flow and additional upside! This fully occupied 7-unit property features six 1 bed/1 bath units and one 2 bed unit, generating approximately $6,920/month in gross rental income with an estimated 6.71% cap rate. Units 5 and 6 offer potential conversion to 2-bedroom layouts, plus a potential 8th one-bedroom unit is already framed in the basement for future completion. Significant improvements include a new roof in 2021, updates throughout the units, new commercial water heater and sewer line in 2023, extensive building and deck reinforcement, exterior paint in 2025, approximately $30k in plumbing repairs/replacements, and mostly updated electrical. Great opportunity for rent increases with upgrades throughout. Fully rented and turn-key with substantial improvements already completed. A unique opportunity to acquire a stabilized multifamily asset with strong existing income and additional value-add potential!

Location

State WA

County Grays Harbor

Area 198 - Aberdeen

Interior

Flooring Hardwood, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Cement/Concrete

Amenities Available Deck

View Y/N No

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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Breakdown

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