Tell me about Arberdeen, WA

[look 171]

A friend's, friend need dump a couple pieces of family properties up there due to infighting within the family. I am told that the rental market is healthy and stable (I question that in a small cities). I have never been there but only start to read about the place a little bit. Any thoughts? One duplex and the other single family. A bit run down, but nothing can't be fixed.

[john walker's workshop]

Kind of a depressed area. Scenic though.

[RANDY P]

GF was born there. She loves it! Wishes she can go back!

rjp

[RANDY P]

Seriously, just a small, wasted town.

rjp

[HardDrive]

The happy go lucky Kurt Cobain was from there.

It's a beautiful area, but its wealth was built on extraction industries that have diminished .

[Jeff Higgins]

Kurt Cobain's hometown. It's about as dead as he is.

Like John says, pretty scenic, but it went downhill when logging started to suffer. It hasn't really recovered. Lots of poverty, meth, and the problems that go with all of that. I bet half the town is on some kind of welfare. So, yeah, lots of people there renting because they cannot afford to buy. I would worry about the property when renting in an area like that. Don't expect the renters to keep it up or anything, if that's what you plan to do. Probably better to sell and get while the gettin's good.

[Euroguy]

Aberdeen is an extremely economically depressed community.

[Nostril Cheese]

meth and poverty

[look 171]

I figure that much with many small towns across the US. Typically lack of work and many are on some type of assistance. Holy siht, something to think about. Thanks for the tip. Family owns 16 properties there. Bought 40 years ago for stupid money. They are willing to dump the three that's not in the trust for 60k for the 2 bed, 1 bath, 80k for the duplex. They needs a bit of work but I am told rent is about 750 bucks.

Also, most are rented to Mexican immigrants. What do they do there? Farming or ?

[LWJ]

And...it's depressing. Has a grey cloud cover a large part of the year. Was a suicide leader at one time. Not sure if that changed.

I live a few hours away. Never been. Don't see any need to go.

[biosurfer1]

Originally Posted by LWJ

Was a suicide leader at one time. Not sure if that changed.

I would assume they can't be a leader in that particular area for long.

[jhynesrockmtn]

I wouldn't touch them if you were thinking about the investment. As been said here, Aberdeen is a depressed town. I grew up in Olympia and spent time there in my youth. I doubt it's changed in 40 years.

[look 171]

Originally Posted by jhynesrockmtn

I wouldn't touch them if you were thinking about the investment. As been said here, Aberdeen is a depressed town. I grew up in Olympia and spent time there in my youth. I doubt it's changed in 40 years.

Yep. that's exactly what I was thinking. At that price, buy them both. My thinking is, for under 200k worth the investment, my ROI is 2300 bucks a month. No way I get that in LA. Its more like 850-900k with 4000 in return monthly. I know, I maybe dealing with the lower quality crowd there.

Any one know why there are so many Mexican immigrants there? Migrant workers, farming industry? Not sure if that true, just hearsay.

[LakeCleElum]

I have a sister that lives there. All the above and emphasis on the Rain, gray, and depressed economy..........Used to be a big logging town......Time has passed them by.

[fanaudical]

https://en.wikipedia.org/wiki/Aberdeen,_Washington

[RWebb]

Originally Posted by look 171

Yep. that's exactly what I was thinking. At that price, buy them both. My thinking is, for under 200k worth the investment, my ROI is 2300 bucks a month. No way I get that in LA. Its more like 850-900k with 4000 in return monthly. I know, I maybe dealing with the lower quality crowd there.

Any one know why there are so many Mexican immigrants there? Migrant workers, farming industry? Not sure if that true, just hearsay.

fishing port, so maybe they are processing fish?

IIRC, it is at the apex of a bay which backs up against coastal conifer, low mtns. not farmland

you could find an atlas of farm land in Wash. to be sure

[look 171]

Originally Posted by RWebb

fishing port, so maybe they are processing fish?

IIRC, it is at the apex of a bay which backs up against coastal conifer, low mtns. not farmland

you could find an atlas of farm land in Wash. to be sure

Fish. That interesting. Forgot that its sits right on the water. Of the 15 or 16 homes they own, only two are rented to none Mexicans. Once rented and if others are available, they bring families and friends to fill new rentals in a hurry.

[RSBob]

In a word, depressing. The best view of Aberdeen is in your rear view mirror.

[look 171]

the more I think about it, the more I am going to let this go only because of its depress economy like most small cities throughout much of the US. I am trying to not invest in CA real estate anymore.