2425 Bay Avenue Hoquiam, WA 98550
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 TypeMulti-Family
- NeighborhoodHoquiam
- CountyGrays Harbor
- Taxes$6,290
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive
- MLS ID Number2237278
- Home Size Source Realist
- Year Built1978
- Lot Size0.29 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 2425 Bay Avenue Hoquiam, WA 98550
| 2 weeks ago | |
| 2 weeks ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Parking Spaces 14
- Number of Stories 2
- Acreage 0.29
- Water Public
- Property Sub Type Multi Family
- Sewer Sewer Connected
- Lot Features AlleyCorner LotCurbsPavedSidewalk
- Parking Total 14
Interior Features
- Cooling None
- Heating Baseboard
- Flooring VinylCarpet
- Interior Wall to Wall Carpet
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof Composition
- View Territorial
- Waterfront Property No
- Exterior Wood
- Lot AlleyCorner LotCurbsPavedSidewalk
Community Features
- Association Dues 0
- Senior Community No
- MLS Area 197 - Hoquiam