Courtesy of: Michael Durham | Keller Williams Rlty Bellevue
$1,399,000Hoquiam, WA 98550
0.29 Acres
Grays Harbor County
Key Features
MLS ID: 2237278
Year Build: 1978
Status: Active
Property Type: Residential Income
Area: 197 - Hoquiam
Exterior: ["Wood"]
Address: 2425 Bay Avenue , Hoquiam, WA 98550
City: Hoquiam
State: WA
Zip: 98550
County: Grays Harbor
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.
Property Map
From Hoquiam Simpson Ave to Right on Ontario to Right on Pacific Ave to Left on 25th to Right at alley before Port Dock. From Aberdeen Sumner Ave to Left on Ontario follow the above directions.
Listing # Courtesy of Michael Durham of Keller Williams Rlty Bellevue. Last Updated: June 21, 2024.
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