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Listed by:Spivey Realty Group, LLC • Kevin Spivey
$ 799,900
Est. payment /mo
New
721 N K ST Aberdeen, WA 98520
8 Beds
7 Baths
8,056 SqFt
UPDATED:
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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