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Aberdeen,WA 98520
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,435 sqft
Price per Sqft $98
Subdivision Aberdeen
MLS Listing ID 2444325
Style 56 - 10+ Units
Bedrooms 13
Year Built 1905
Annual Tax Amount $9,850
Lot Size 6,534 Sqft
Property Sub-Type Multi Family
Property Description
Situated in a quiet residential neighborhood, M Street Apartments is just a few blocks from Aberdeen's central commercial corridor and waterfront district. This 11-unit multifamily property is comprised of nine one-bedroom, one-bath units and two two-bedroom, one-bath unit. The one-bedroom units rent for an average of $845 per month, while the two-bedroom unit rents for $850. The building features a classic mid-century design and offers a stable income stream in a market with tightening vacancy rates. With modest unit finishes and rents below current market averages, there is value-add potential through interior renovations and strategic rent increases. Convenient access to shopping, dining, and public transportation.
Location
State WA
County Grays Harbor
Area 198 - Aberdeen
Interior
Flooring Ceramic Tile
Exterior
Exterior Feature Wood Products
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
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional