2425 Bay AVE Pending Save Request In-Person Tour Request Virtual Tour
Hoquiam,WA 98550
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $111
Subdivision Hoquiam
MLS Listing ID 2294255
Style 56 - 10+ Units
Bedrooms 24
Year Built 1978
Annual Tax Amount $6,290
Lot Size 0.290 Acres
Property Description
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.
Location
State WA
County Grays Harbor
Area 197 - Hoquiam
Interior
Flooring Vinyl,Carpet
Exterior
Exterior Feature Wood
Amenities Available Cable TV,Deck
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Alley,Corner Lot,Curbs,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Hoquiam Mid
High Schools Hoquiam High
School District Hoquiam
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional