$999,500
201 N F Street, Aberdeen, WA 98520
7,442 Sq Ft
Favorite
Email

MLS #2551028 / Listing provided by NWMLS & Spivey Realty Group.

$999,500

201 N F Street
Aberdeen, WA 98520

Active 23 hours ago
7,442
Sq Ft
$134
Per Sq Ft
1925
Year Built

Turnkey Aberdeen multifamily investment with immediate cash flow! The best deal on market with a 9.09% cap rate! The Cambridge Apartments features 11 units totaling ~7442 sq ft on a centrally located corner lot near downtown. The unit mix includes one 1 bed/1 bath and ten studio units, many with oversized walk-in closets that provide added flexibility for tenants. Professionally managed and fully occupied, the property currently generates approximately ~$10,307/month in gross rental income with an estimated 9.09% cap rate. Residents enjoy a large coin-operated laundry room and ample off-street parking. Recent improvements include electrical, plumbing, flooring, water heaters, and more. The property is professionally managed and benefits from regular professional cleaning and ongoing maintenance. Potential to create two additional units by utilizing the unfinished attic space and reconfiguring the existing laundry room. Managed by local PM company, Rentals by Spivey. A rare opportunity to step into a stabilized asset with strong income today and additional upside for the future!

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 11
  • Total Uncovered Parking Spaces: 11

Structure

  • Roof: Composition
  • Exterior Features: Wood, Wood Products
  • Foundation: Block

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.15
  • Foundation: Block
Area Features

Schools

  • High School District: Aberdeen

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.15
  • Foundation: Block
Utilities

Power

  • Energy Source: Electric
  • Power Company: Grays Harbor PUD

Water, Sewer, and Garbage

  • Sewer Company: City of Aberdeen
  • Sewer: Sewer Connected
  • Water Company: City of Aberdeen
  • Water Source: Public
  • Water, Sewer, and Garbage: 13329.91
Mortgage Calculator
Key2See Team

Key2See Team
Broker | REALTOR®

Send Key2See Team an email