2320 Simpson Avenue
Aberdeen, WA 98520
3038 sqft | 0.13 acres | #2315016
Description
9-unit apartment building with tons of upside potential! Opportunity to increase rents to market rate, add coin-op laundry and rent out the attached garage or turn into storage lockers for additional income. 5 of the units have been recently updated. Electrical was updated, wall heaters have been installed in each unit, and a newer hot water system was installed. Building exterior was recently painted. 7 units are studios, 1 is a one-bedroom and 1 is a two-bedroom unit. 8.5% CAP RATE with proforma rents!!
Property Details
- Lot DescriptionAlley, Corner Lot, Curbs, Paved, Sidewalk
- Exterior FeaturesCable TV, Gas Available, High Speed Internet
- InteriorLaminate, Wall to Wall Carpet
- Exterior MaterialsWood, Wood Products
- High SchoolJ M Weatherwax High
- FoundationPost & Pillar
- Date ListedJanuary 08, 2025
- Sewer InformationSewer Connected
- Middle SchoolMiller Jnr High
- Style55 - 5-9 Units
- SubdivisionWest Aberdeen
- Elementary SchoolA J West Elem
- Property TypeMulti-Family
- CountyGrays Harbor
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- School DistrictAberdeen
- Original List Price$625,000
- MLS #2315016
- MLS #2315016
- Utility SourcePublic
- Taxes Annual$3,181
- Cost625000
- Acres0.13
- Square Feet3038
- Year Built1953
- Stories2
- Days on Market (Cumulative)9
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-16 23:09:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Stacey A. Brower (#NWM39702)
Listing Office: KW Greater Seattle (#NWM317)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
