WA > Hoquiam > Hoquiam
Hoquiam, WA 98550,2425 Bay AVE
Hoquiam, WA 98550,2425 Bay AVE
Hoquiam, WA 98550,2425 Bay AVE
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Listed by Keller Williams Rlty Bellevue
$1,199,000
Est. payment /mo
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24 BD
12 BA
10,800 SqFt
Pending

2425 Bay AVE Hoquiam, WA 98550

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Whitney Johnson

Whitney Johnson

+1(509) 240-6438

UPDATED:

10/16/2024 03:32 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 10,800 sqft

Price per Sqft $111

Subdivision Hoquiam

MLS Listing ID 2294255

Style 56 - 10+ Units

Bedrooms 24

Year Built 1978

Annual Tax Amount $6,290

Lot Size 0.290 Acres

Lot Dimensions 100x126x100x126

Property 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.

Location

State WA

County Grays Harbor

Area 197 - Hoquiam

Interior

Interior Features Wall to Wall Carpet

Flooring Vinyl, Carpet

Fireplace Yes

Exterior

Exterior Feature Wood

Amenities Available Cable TV, Deck

Waterfront No

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Alley, Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Hoquiam Mid

High Schools Hoquiam High

School District Hoquiam

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

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