$1,399,000
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2425 Bay Avenue Hoquiam, WA 98550
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
6,048
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 estimat...ed 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.
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MLS#
2237278
Property Type
Multi-Family
Status
Year Built
1978
Square Feet
6,048
sq. ft
Sewer
Sewer Connected
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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