Bought with Quigg & Co Real Estate
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2320 Simpson AVE Aberdeen, WA 98520
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Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,038 sqft
Price per Sqft $176
Subdivision West Aberdeen
MLS Listing ID 2315016
Sold Date 06/06/25
Style 55 - 5-9 Units
Bedrooms 3
Year Built 1953
Annual Tax Amount $3,181
Lot Size 5,663 Sqft
Lot Dimensions 50' x 115'
Property Sub-Type Multi Family
Property 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!!
Location
State WA
County Grays Harbor
Area 198 - Aberdeen
Interior
Interior Features Laminate
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Cable TV, Gas Available, High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Alley, Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools A J West Elem
Middle Schools Miller Jnr High
High Schools J M Weatherwax High
School District Aberdeen
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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