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Cari Shumaker

cari@shumakerregroup.com +1(360) 731-1004

Listed by:Spivey Realty Group, LLC • Kevin Spivey

$ 999,500

Est. payment | -/mo

1 Bed

11 Baths

7,442 SqFt

Save

$ 999,500

Est. payment | -/mo

Save

1 Bed

11 Baths

7,442 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,442 sqft

Price per Sqft $134

Subdivision Aberdeen

MLS Listing ID 2551028

Style 56 - 10+ Units

Bedrooms 1

Year Built 1925

Annual Tax Amount $5,993

Lot Size 6,534 Sqft

Property Sub-Type Multi Family

Property Description

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!

Location

State WA

County Grays Harbor

Area 198 - Aberdeen

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

View Y/N Yes

View Territorial

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.

Nearby Locations

GET MORE INFORMATION

Cari Shumaker

Managing Broker | Lic# 22020507

cari@shumakerregroup.com

+1(360) 731-1004

22881 State Route 3 Belfair, WA, 98528

201 N F ST Aberdeen, WA 98520

Cari Shumaker

Key Details

Location

Interior

Exterior

Building

Schools

Others

201 N F ST