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Listed by John L. Scott, Inc
$ 734,000
Est. payment | /mo
13 Beds
11 Baths
7,435 SqFt
$ 734,000
Est. payment | /mo
13 Beds
11 Baths
7,435 SqFt
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
Fireplace false
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
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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