Listed by Spivey Realty Group, LLC, Bought with Better Properties Kitsap
NOT LISTED FOR SALE

611 E 1st St Aberdeen, WA 98520

-- Bed
-- Bath
3,656 Sq Ft
7,500 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $295,000 $81 Per Sq Ft

44 Days on Market

About This Home

As of May 2021

Investor alert! Six-unit complex in Aberdeen. Gross rents @ $2930 plus ~$100/month in 2 w/d coin-ops on site. 2 2-bed, 1 bath; 2 1-bed, 1 bath and 2 studio units. Property is very stable, no vacancy or delinquent rent (even with COVID) and has very low rents. 6% cap-rate as-is assumes prop management fees and leaves lots of room for growth via rent increases or value-adds. No flood zone. Invest in Aberdeen and grow your wealth at the same time!

Last Agent to Sell the Property

Kevin Spivey

Spivey Realty Group, LLC License #27308 Listed on: 03/07/2021

Last Buyer's Agent

Stanley Yeadon

Better Properties Kitsap License #139221

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1738470

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,079

Year Built

  • Built in 1937

Lot Details

  • 7,500 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,656 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Aberdeen Subdivision

Listing and Financial Details

  • Assessor Parcel Number 014000101500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,079

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1937
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3656
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition, Flat
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: See Remarks
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Aberdeen

Lot Info

  • Parcel Number: 014000101500
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: county

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 3030

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2079

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 2521
  • EnergySource: Electric
  • UnitsBelowGrade: false
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Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $295,000 -5.6% $81 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
03/29/2021 03/29/21 Price Changed $312,500 -5.3% $85 / Sq Ft
03/19/2021 03/19/21 For Sale $329,900 0.0% $90 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/07/2021 03/07/21 For Sale $329,900 -- $90 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,673 $278,974 $40,500 $238,474
2023 $2,360 $278,974 $40,500 $238,474
2022 $2,373 $203,617 $33,750 $169,867
2021 $2,355 $203,617 $33,750 $169,867
2020 $2,052 $183,470 $33,750 $149,720
2019 $2,079 $158,517 $33,750 $124,767
2018 $2,389 $168,946 $33,750 $135,196
2017 $2,395 $150,510 $33,750 $116,760
2016 $2,364 $156,655 $33,750 $122,905
2014 -- $163,580 $33,750 $129,830
2013 -- $167,330 $37,500 $129,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1738470

Northwest Multiple Listing Service (NWMLS)

APN: 014000101500