2425 Bay Avenue Hoquiam, WA 98550
2425 Bay Avenue
Hoquiam, WA 98550
$1,399,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Hoquiam
10+ Units
View: Territorial
Cable TV
Deck
Exterior: Wood
Roof: Composition
Year Built: 1978
2024 Taxes: $6290.00
Listing #: 2237278
Lot Details
Lot Size: 0.29 acres
Lot Dimensions: 100x126x100x126
Alley
Corner Lot
Curbs
Paved
Sidewalk
No. of Units: 12
Interior
Cooling: None
Heating: Baseboard
Electric
Schools
District: Hoquiam
Elem: Buyer To Verify
Middle: Hoquiam Mid
High: Hoquiam High
Call or Email:
Grace Wamwere
What's Near 2425 Bay Avenue Hoquiam, WA 98550?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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Courtesy of Keller Williams Rlty Bellevue
