Well maintained duplex offering a solid investment opportunity with immediate income. Both units are currently tenant occupied, offering built in cash flow from day one. Each unit features a functional layout with separate entrances, making this an ideal option for investors or owner occupants looking to offset their mortgage. Conveniently located near schools, shopping, and local amenities with easy access to Hwy 101. Low-maintenance property in a growing rental market don’t miss this value add opportunity.
CASH FLOW FROM THE GET GO! 8.5% CAP RATE! Perfect investment or 1031 exchange property. Fully rented 10 plex features 6 two bedroom units and four one bedroom apartments. Recent electrical updates include new panels in all units. Newer exterior paint and roof too! Interior features include new carpet, vinyl and laminate hardwood flooring. Some bath and kitchen upgrades that include vanities, facets, flooring, commodes, etc...Coin operated laundry helps generate additional income. Owner pays water/sewer/garbage that is included into the rent amount. Tenants pay their own electric. The 2 bedroom units are 900 SF and the 1 bedrooms are 850. Both feature spacious bedrooms and large living areas plus kitchens with eating space. Upstairs units have cute deck area too! Some units have access to 6 X 5 storage units located on backside of complex. Centrally located in downtown Hoquiam next to the YMCA and it's right on the bus line and close to any needed services.
Investor Opportunity — Turnkey Duplex With Rental StabilityThis fully-rented duplex is ready to step seamlessly into your investment portfolio. The upper unit offers 2 bedrooms/1 bath, while the main-level unit features 2 bedrooms/1 bath plus a convenient washer/dryer hookup. The main-level tenants also enjoy a spacious fenced backyard and a generously sized deck directly off the back door — an appealing amenity that supports long-term tenancy.Recent updates include a new hot water tank in the upper unit. Both units are rented at current market rates with leases already in place, providing immediate, predictable cash flow. A solid investment in a steady rental market.
This 6-unit multifamily property offers an exceptional opportunity for investors seeking strong cash flow and long-term stability. With four one-bedroom units and two two-bedroom units, the property appeals to a wide range of tenants and is fully occupied. This property offers investors a rare combination of high current income and future appreciation potential. With a 10.6% cap rate and nearly 40% cash-on-cash return, this 6-unit building stands out as a high-performing asset in today's market.• Strong in-place cash flow with immediate yield.• Below-market rents provide upside potential.• Separately metered utilities for tenant accountability.• Well-maintained property in a stable rental area.
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Hoquiam is located in Washington. Hoquiam, Washington has a population of 8,700. Hoquiam is more family-centric than the surrounding county with 23.75% of the households containing married families with children. The county average for households married with children is 23.25%.
The median household income in Hoquiam, Washington is $44,840. The median household income for the surrounding county is $53,615 compared to the national median of $69,021. The median age of people living in Hoquiam is 43 years.
The average high temperature in July is 68.1 degrees, with an average low temperature in January of 36.7 degrees. The average rainfall is approximately 87.7 inches per year, with 1.9 inches of snow per year.