$734,000

Situated in a quiet residential neighborhood, M Street Apartments is just a few blocks from Aberdeen’s central commercial corridor and waterfront district. This 11-unit multifamily property is comprised of nine one-bedroom, one-bath units and two two-bedroom, one-bath unit. The one-bedroom units rent for an average of $845 per month, while the two-bedroom unit rents for $850. The building features a classic mid-century design and offers a stable income stream in a market with tightening vacancy rates. With modest unit finishes and rents below current market averages, there is value-add potential through interior renovations and strategic rent increases. Convenient access to shopping, dining, and public transportation.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: MultiFamily
• Year Built: 1905
• Built in 1905
• Home size: 7,435 ft² / 690.73 m²
• MLS: 2444325
• Status: Active

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