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1700 S Boone Street

Aberdeen, WA 98520
  • $1,550,000
  • STATUS: Sold
  • ID#: 2185376
Sold - 02/14/2024
$1,550,000
SOLD - 02/14/2024
  • 0
    BEDS
  • 5.92
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1967
County:
Area:
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of Keller Williams Rlty Bellevue.
Mortgage Calculator is provided by BoomTown.

School Ratings & Info

Description

Investment Opportunity with potential for a 18% CAP Rate! Located in Aberdeen, Washington, this 66-unit motel is comprised of four buildings. Alongside guest accommodations, it features an office and a three-bedroom manager unit. One building requires renovation due to water damage from a steam incident two years ago. Spanning nearly 6 acres, the property offers expansion potential, such as adding more motel units or creating an RV park. Seize the opportunity to maximize your investment and reap the rewards!

Sold by BHGRE - Northwest Home Team.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-03-04T21:14:20.587. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-03-04T21:14:20.587. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.kwbellingham.net/homes/146055205
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1700 S Boone Street Aberdeen, WA 98520

  • Price: $1,595,000
  • Status: Sold
  • On Site: Days
  • Updated: 50 min ago
  • ID#: 2185376
0
Beds
0
Baths
0
½ Baths
5.92
Acres
1967
Built
Neighborhood:
Aberdeen
County:
Grays Harbor
Area:
Aberdeen
Property Description
Investment Opportunity with potential for a 18% CAP Rate! Located in Aberdeen, Washington, this 66-unit motel is comprised of four buildings. Alongside guest accommodations, it features an office and a three-bedroom manager unit. One building requires renovation due to water damage from a steam incident two years ago. Spanning nearly 6 acres, the property offers expansion potential, such as adding more motel units or creating an RV park. Seize the opportunity to maximize your investment and reap the rewards!
Exterior Features

Carport YN No Covered Spaces 0 Exterior Features Wood Open Parking YN No Parking Total 0 Roof Built-UpCompositionFlat Structure Type Hotel/Motel Style Code 64 - Hotel/Motel

Interior Features

Building Area Total 0 Cooling Other – See Remarks Cooling YN Yes Fireplace YN No Flooring LaminateVinylCarpet Heating Baseboard Heating YN Yes Interior Features LaminateWall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Buyer Financing Not Disclosed Energy Source Electric First Right Of Refusal No Foundation Details Block Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 207435 Possession Closing Possible Use BusinessCommercialMulti-Family Power Company PUD Power Production Type Electric Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company City of Aberdeen Special Listing Conditions None Tax Annual Amount 11512 Tax Year 2022 Water Company City of Aberdeen Water Source Public Zoning Class BusinessCommercialMulti-Family Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-03-04T21:14:20.587. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-03-04T21:14:20.587. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of Keller Williams Rlty Bellevue.
Mortgage Calculator is provided by BoomTown.