Aberdeen Portfolio Multi-Family FOR SALE


Aberdeen, WA
$6,485,000 USD
503-200-2058
, Aberdeen, WA for Sale
$6,485,000 USD
Multi-Family - FOR SALE
1/21
null | 8.01% Cap Rate

Aberdeen Portfolio
Aberdeen, WA


OVERVIEW

This portfolio includes several well-maintained multifamily properties in Aberdeen, WA, offering strong in-place cash flow and ample value-add potential. Arthur Apartments, a 16-unit, garden-style building at 1005 Arthur Street, features a mix of one- and two-bedroom units, with significant interior renovations completed on 11 units, including luxury vinyl plank flooring, quartz countertops, shaker cabinets, and upgraded plumbing and lighting. The property also benefits from recent exterior updates such as siding repainting, roof repairs, and a new trash enclosure. Lafayette Townhomes, a 16-unit townhouse complex at 910-922 Lafayette Street, offers spacious 2-bedroom, 1.5-bath units with select units featuring additional office space. With a strong track record of cash flow and a proven renovation strategy, this property presents an attractive investment opportunity in a market with limited rental inventory. E Street Apartments, located at 211 North E Street, consists of a renovated 8-unit garden-style building and a 3-bedroom house. Recent renovations include new LVP flooring, shaker cabinets, quartz countertops, and stainless steel appliances throughout, making it a premium rental option in the area. The 121 W 3rd Apartments, a charming 8-unit building at 121 W 3rd Street, features clean, well-maintained units with modern amenities like dishwashers, LVP flooring, and washer/dryer hookups. Lastly, First Street Apartments, located at 402 W 1st Street, is a 7-unit property with recently completed renovations, including new roofs, siding, double-pane windows, and high-end interior finishes like quartz countertops and stainless steel appliances. With further potential in duplex unit renovations and rentable storage, these properties offer a solid foundation for continued cash flow and increased returns through strategic improvements.

ASK ABOUT THIS PROPERTY

Georgie Christensen-RileyMarcus & MillichapMore Info
503-200-2058

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Georgie Christensen-RileyMarcus & MillichapMore Info
503-200-2058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.