2425 Bay Avenue
Hoquiam, WA 98550
10800 sqft | 0.29 acres | #2294255
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.
Interior Details
- InteriorWall to Wall Carpet
Property Details
- Lot DescriptionAlley, Corner Lot, Curbs, Paved, Sidewalk
- Exterior FeaturesCable TV, Deck
- ViewTerritorial
- Exterior MaterialsWood
- Stories2
Measurements
- Square Feet10800
- Acres0.29
Construction Details
- Style56 - 10+ Units
- Property TypeMulti-Family
Condition
- Year Built1978
Material information
- FoundationPoured Concrete
Utilities / Energy Details
- Sewer InformationSewer Connected
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionHoquiam
Location
- Elementary SchoolBuyer To Verify
- High SchoolHoquiam High
- CountyGrays Harbor
- Middle SchoolHoquiam Mid
- School DistrictHoquiam
Financial Details
- Original List Price$1,199,000
- Taxes Annual$6,290
- Days on Market (Cumulative)137
Other
- MLS #2294255
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-09-25 21:43:11. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Michael Durham (#NWM115085)
Listing Office: Keller Williams Rlty Bellevue (#NWM5243)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
