2425 Bay Ave
Hoquiam,
WA
98550
Property Details
List Price: |
$1,399,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
6048 |
Agency: |
Keller Williams Realty Bellevue |
Description/Comments
Lot Size: |
-- |
Property Type: |
Other |
Year Built: |
1978 |
Notes: |
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. |
MlsNumber: |
2237278 |
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Listing Provided By: |
Keller Williams Realty Bellevue, original listing |
Name: |
Keller Williams Realty Bellevue |
Phone: |
(425) 454-0911 |
Office Name: |
Keller Williams - Bellevue |
Office Phone: |
(425) 454-0911 |
Agent Name: |
Michael Durham |
Disclaimer: |
Copyright © 2024 Keller Williams Realty, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |