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Multifamily

Arthur Street Apartments

1005 Arthur St, Aberdeen, WA 98520

Listing Price: $1,900,000

Cap Rate
6.64%
Number of Units
16
Occupancy
100.0%
Price/Unit
$118,750
Price/Gross SF
$133.73
Gross SF
14,208

Investment Overview

Arthur Street Apartments is a two-story apartment complex located at 1005 Arthur Street, Aberdeen, Washington. The property was constructed in 1974. All sixteen units are contained within a single building on one tax parcel. The unit mix consists of 4 one-bedroom/one-bathroom and 12 two-bedroom/one-bathroom floorplans. Eleven of the sixteen units have been renovated in the last two years. Renovations include new paint, luxury vinyl plank floors, quartz countertops, new kitchen cabinets and complete suite of stainless steal kitchen appliances. Units features dishwashers, highspeed internet access and private balconies or patios. This property features off-street parking, on-site coin-operated laundry and assigned storage units. There is an opportunity to charge rent for storage units to increase income. This property is professionally managed by Grays Harbor Living. Nestled amongst single family homes this property is in an ideal location with close proximity to the shops, eateries and bars of downtown Aberdeen. It is less than five minutes to both Highway 101 and Highway 12. Grays Harbor College is less than a ten minute drive from Arthur Street Apartments making this an ideal location for students and professionals alike.

Investment Highlights

  • Close Proximity to Bars, Restaurants and Shops
  • Short Drive to Grays Harbor College
  • 11 of 16 Units have been Renovated Proving Top of Market Rents
  • Opportunity to Add Value with Remaining 5 Unrenovated Units
  • Ability to Charge Rent for Storage Units to Further Increase Income

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

Multifamily

Arthur Street Apartments

Listing Price: $1,900,000

Cap Rate
6.64%
Number of Units
16
Occupancy
100.0%
Price/Unit
$118,750
Price/Gross SF
$133.73
Gross SF
14,208

Investment Highlights

  • Close Proximity to Bars, Restaurants and Shops
  • Short Drive to Grays Harbor College
  • 11 of 16 Units have been Renovated Proving Top of Market Rents
  • Opportunity to Add Value with Remaining 5 Unrenovated Units
  • Ability to Charge Rent for Storage Units to Further Increase Income

Investment Overview

Arthur Street Apartments is a two-story apartment complex located at 1005 Arthur Street, Aberdeen, Washington. The property was constructed in 1974. All sixteen units are contained within a single building on one tax parcel. The unit mix consists of 4 one-bedroom/one-bathroom and 12 two-bedroom/one-bathroom floorplans. Eleven of the sixteen units have been renovated in the last two years. Renovations include new paint, luxury vinyl plank floors, quartz countertops, new kitchen cabinets and complete suite of stainless steal kitchen appliances. Units features dishwashers, highspeed internet access and private balconies or patios. This property features off-street parking, on-site coin-operated laundry and assigned storage units. There is an opportunity to charge rent for storage units to increase income. This property is professionally managed by Grays Harbor Living. Nestled amongst single family homes this property is in an ideal location with close proximity to the shops, eateries and bars of downtown Aberdeen. It is less than five minutes to both Highway 101 and Highway 12. Grays Harbor College is less than a ten minute drive from Arthur Street Apartments making this an ideal location for students and professionals alike.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

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