900 906 W Heron Street, Aberdeen, WA 98520

$1,050,000
6,822
SqFt

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Listing Broker: COMPASS; Lisa Le; 206-734-9044; lisa.le@compass.com

List Price
$1,050,000
Status
PENDING
MLS#
2339337
Style
55 - 5-9 Units
Building Condition
Fair
Finished SqFt
6,822
Area Total SqFt
6822
Annual Tax Ammount
5292
Lot Size (sq ft)
13,000
Sewer
Sewer Connected

Property Description

Presenting a rare opportunity to acquire TWO fully occupied 4-plexes, generating a robust $123,513 in NOI, set on a large corner lot in the heart of Aberdeen. This well performing transitional housing property includes 8 units, each offering 2 beds & 1 bath, ideal for consistent rental income. With a mix of 2 upper & 2 lower units per building, the layout appeals to a diverse tenant base and is well-suited for its current use as transitional housing or a future conversion into market-rate rentals. With Aberdeen's strong rental market and ongoing growth, this investment provides the potential for reliable cash flow and long-term appreciation. Don't miss out on this exceptional opportunity to invest in a thriving community with solid returns.

Additional Information

Community
Aberdeen
Net Operating Income
$123,513
Gross Adjusted Income
$123,513
Gross Scheduled Income
$173,617
Total Monthly Income
$4,819
Insurance Expenses
$10,637
Water/Sewer/Garbage Expenses
$10,042
Gross Rent Multiplier
9.4
Total Expenses
$50,100
Cap Rate
12
Total Number of Units
8
Unit Name
900 906
Potential Terms
Cash Out
Year Built
1978
Roof
Composition
Electric Expenses
10042
Other Expenses
4045
Energy Source
Electric
School District
Aberdeen
Total Monthly Income
$4,819
Gross Scheduled Income
$173,617
Gross Adjusted Income
$123,513
Tax Year
2024
Insurance Expense
$10,637
W/S/G Expenses
$10,042
Total Expenses
$50,100
Net Operating Income
$123,513
Gross Rent Multiplier
9.4
Cap Rate
12
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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