LISTING DETAILS

2320 Simpson Avenue

2320 Simpson Ave Aberdeen WA 98520

Listing #: 691132 | Status: Available | Last Modified: 1/9/2025

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	84,099
Vacancy Factor %	3.00%
Operating Expenses	29,474
Net Operating Income	52,102
CAP Rate	8.74 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	8.740

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	2
# of Units	9
Total Building SF	3,038 SF
Net Rentable Area	3,038 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	5,663 SF
Acres	0.13
Year Built	1953

Property Type
Property Type	Multi-Family

Location
County	Grays Harbor
Cross Street	N Maple St
Market Area	Grays Harbor
Tax ID #	018601200700
Zoning	Mulit Family

Parking Information
#Covered Spaces	1
# Uncovered Spaces	0
Total Parking Spots	1

2320 Simpson Ave - 9 Units

Showing Instructions

SEE_NOTES

Public Comments

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!!

2320 Simpson Avenue
2320 Simpson Ave Aberdeen WA 98520

Listing #: 691132 | Status: Available | Listing Date: 1/9/2025 | Last Modified: 1/9/2025 | Email Listing

For Sale

2320 Simpson Avenue

Listing Images