2320 Simpson Ave
Aberdeen WA 98520
2320 Simpson Avenue
2320 Simpson Ave Aberdeen WA 98520
Listing #: 691132 | Status: Available | Last Modified: 1/9/2025 |
For Sale
- Phone:(206) 491-1200
- Email:stacey@kendratoddgroup.com
- Office Name:Keller Williams Realty
- Office Phone:(206) 632-2636
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
SEE_NOTES
- Listing Price$ 625,000.0
- $/SF$ 205.7
- $/Unit$ 625,000.0
- Listing StatusAvailable
- Days on Market2
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income84,099
- Vacancy Factor %3.00%
- Operating Expenses29,474
- Net Operating Income52,102
- CAP Rate 8.74 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 8.74 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units9
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3038
- Net Rentable Area3038
- Total Office SF
- Largest Contiguous SF
- Lot SF5663
- Acres0.13
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyGrays Harbor
- Vicinity
- Location Description
- Second Address
- Cross StreetN Maple St
- Market AreaGrays Harbor
- Tax ID #018601200700
- Additional Parcels
- ZoningMulit Family
- # Covered Spaces1
- # Uncovered Spaces0
- Total Parking Spots1
- Parking Ratio
- Year Built1953
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
2320 Simpson Ave - 9 Units
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!!
