Stand by
USDAProperties.com is making sense of this chaotic market...

 

 

 

$575,000   Price Analysis
Agent Details  share icon     map icon  QR
122 W 2nd St
Aberdeen, WA 98520
Unknown bed None bath 3,484 SqFt ($165/SqFt)
6,534SqFt lot. Built 1922
Listed 2024-05-29, Taxes $3,371
USDA Eligible
near Aberdeen, WA
 Restrictions may apply
due to home size

Come check out this income-producing

6 Unit Multi-Family investment property located in Aberdeen, WA. These units are currently all rented with a low vacancy rate. Each unit has its own electrical meter, hot water tank and washer/dryer hook-ups available and all units are walking distance to loc al amenities. Aberdeen is a growing community and ideally located close to the Washington Coastline and its location provides a balance between small-town living and access to larger urban areas. This is a chance to wn an investment property with an opportunity to put in moderate upgrades and reposition it's value!

This property is being sold as-is.


Presented by Dion Johnson at
eXp Realty- Main Office.


Property MLS #2241215 from NWMLS

Wall to Wall Carpet
Flooring: Vinyl, Wall to Wall Carpet

Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes

Brick
Cement/Concrete
Wood

Lot Description: Alley, Corner Lot, Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.15
Lot Size Dimensions: 47X127
Lot Size Square Feet: 6534

Basement

Elementary School: Buyer To Verify
High School: Buyer To Verify
High School District: Aberdeen
Middle School: Buyer To Verify

Mcdermoth Elementary School is a public elementary school located approximately 0.1 miles away.
directions icon Map directions

Aberdeen High School is a public high school located approximately 0.3 miles away.
directions icon Map directions

Miller Junior High School is a public middle school located approximately 1.7 miles away.
directions icon Map directions

St Mary School is a private elementary and middle school located approximately 0.3 miles away.
directions icon Map directions

Gross Scheduled Income: 59230
Leasable Area: 3484
Leasable Area Units: Square Feet

Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Unit-1 Description: 122
Unit-2 Description: 300
Unit-3 Description: 302
Unit-4 Description: 304
Unit-5 Description: 306
Unit-6 Description: 308
Unit 1 Total Actual Rent: 1125
Unit 2 Total Actual Rent: 715
Unit 3 Total Actual Rent: 850
Unit 4 Total Actual Rent: 850
Unit 5 Total Actual Rent: 825
Unit 6 Total Actual Rent: 1090

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 3372
Source Listing Status: Active
Country Region: US
County: Grays Harbor
Cap Rate: 6.14
Directions: Google Maps
Tax Year: 2023
Other Expense: 11309.68000000
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 3000
Area: 198 - Aberdeen
List Development Name: Aberdeen
Source Neighborhood: Aberdeen
Parcel Number: 029302100700
Street Suffix Modifier: Street
Subdivision: Aberdeen
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2.5

YearAssessments
Building + Land
Total
Tax
2023$304,936 + $28,080
$333,016
$3,371
2022$217,495 + $23,400
$240,895
$2,807
2021$192,202 + $23,400
$215,602
$2,767
2020$160,168 + $23,400
$183,568
$2,376
2019$140,998 + $23,400
$164,398
$2,022
2017$128,180 + $23,400
$151,580
$2,317
2017$121,771 + $23,400
$145,171
$2,317
2016$128,180 + $23,400
$151,580
$2,299
2015$133,055 + $23,400
$156,455
$2,261
2014$133,055 + $26,000
$159,055
$2,241
2013$139,000 + $26,000
$165,000
$2,216
2012$139,000 + $26,000
$165,000
$2,242
2011$139,000 + $26,000
$165,000
$2,162
2010$139,000 + $26,000
$165,000
$2,118
2009$108,500 + $19,500
$128,000
$1,798
2008$108,500 + $19,500
$128,000
$1,766

Price Changed 2024-07-05
$575,000
NWMLS
Listed 2024-05-29
$599,949
NWMLS
Sold 2019-02-22
$275,000
Public Record
Sold 1999-03-12
$117,500
Public Record

Net Operating Income: 36853
Operating Expense: 23947.47999999

Electric Expense: 84.48
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public

Building Area Total: 3484
Building Area Units: Square Feet
Foundation Details: Concrete Block
Living Area Units: Square Feet
Property Age: 102
Property Condition: Fair
Roof: Composition
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
Click Thumbnail Images To View Full Size
house_viewhouse_viewunknownunknownhouse_view
house_viewhouse_viewhouse_viewhouse_viewhouse_view
unknownunknownunknownlaundry_roomlaundry_room
unknownunknownbathroomlaundry_roomlaundry_room
bathroomunknownunknownunknowndining_room
porchliving_roomhouse_view

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.