2425 Bay Avenue, Hoquiam, WA 98550 (MLS # 2275220)
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Listing provided courtesy of Northwest MLS; Keller Williams Rlty Bellevue
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This property comprises 12 two-bedroom, one-bath units, split between an 8-unit building and a 4-unit building on two tax parcels. Current rents are below market value, providing excellent potential for increased income with some like units already collecting $1275. The pro forma cap rate is estimated to exceed 10%!! with just some minor upgrades. It is conveniently located near public transit and shopping centers, enhancing tenant appeal. Additionally, its proximity to ocean beaches and Grays Harbor College adds to its attractiveness for potential renters. This is a prime opportunity for all investors to add to their portfolio.
| DAYS ON MARKET | 31 | LAST UPDATED | 8/8/2024 |
|---|---|---|---|
| TRACT | Hoquiam | YEAR BUILT | 1978 |
| COMMUNITY | Hoquiam | COUNTY | Grays Harbor |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Hoquiam |
|---|---|
| Elementary School | Buyer To Verify |
| Jr. High School | Hoquiam Mid |
| High School | Hoquiam High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 197 - Hoquiam |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| INTERIOR | Wall to Wall Carpet |
| LOT | 0.29 acre(s) |
| LOT DESCRIPTION | Alley, Corner Lot, Curbs, Paved, Sidewalk |
| LOT DIMENSIONS | 100x126x100x126 |
| STORIES | 2 |
| STYLE | 56 - 10+ Units |
| SUBDIVISION | Hoquiam |
| TAXES | 6290 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/7/24 5:30 PM PDT. 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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This IDX solution is (c) Diverse Solutions 2024.