800 E Wishkah St, Aberdeen, WA 98520

$345,000
2,288
SqFt

Listing courtesy of Windermere RE/Aberdeen.

List Price
$345,000
Status
ACTIVE
MLS#
1753870
Days on Market
13
Style
53 - Tri-plex
Building Condition
['Fair']
Finished SqFt
2,288
Lot Size (sq ft)
3,485

Property Description

Highly visible commercial/residential building on US 12 as it enters Aberdeen. Near shopping and restaurants including Walmart, McDonald, Wendy's, Starbucks, Staples, Subway, Dairy Queen, Mazatlan, Tractor Supply, Marshalls and Olympic Gateway Mall. Property is fully leased, with a good rental history. Employment service on ground floor, two apartments above. Apartments have low vacancy rate, and utilities are included in the rental rate. The commercial tenant has five year lease, which ends in January 2025, and pays its own utilities. Estimated 7% projected cap rate. Could be a live above/work below. Seller will paint the exterior prior to closing, weather permitting. Property is professionally managed. Some photos were taken in 09/2017.

Additional Information

List Date
2021-04-06 00:00:00
Community
East Aberdeen
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1998
Total Parking
6
Uncovered Parking
5
Exterior
Wood, Wood Products
Roof
Composition
Site Features
Cable TV, Gas Available
Lot Details
Corner Lot, Paved Street, Sidewalk
School District
Aberdeen
Elementary School
Robert Gray Elem
Middle School
Miller Jnr High
Gross Scheduled Income
$33,600
Vacancy Rate
4
Gross Adjusted Income
$32,150
Annual Taxes
$3,681
Tax Year
2021
Net Operating Income
$24,812
Gross Rent Multiplier
10
Cap Rate
7

Room Dimensions

Unit 1 Size
1160
Unit 1 Rent
$1,350
Unit 2 Size
525
Unit 2 Rent
$700
Unit 3 Size
475
Unit 3 Rent
$750
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