2425 Bay Avenue, Hoquiam, WA 98550

Active

2425 Bay Avenue, Hoquiam, WA 98550


Courtesy of: Michael Durham | Keller Williams Rlty Bellevue
$1,399,000 Hoquiam, 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.

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