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2425 Bay Ave Hoquiam, WA 98550
- Other / Resale (MLS)
Property Details for 2425 Bay Ave, Hoquiam, WA 98550
Features
- Price/sqft: $198
- Lot Size: 12632 sq. ft.
- Heating: Baseboard
Facts
- Year Built: 01/01/1978
- Property ID: 885085522
- MLS Number: 2294255
- Parcel Number: 55205501600
- Property Type: Other
- County: GRAYS HARBOR
- Legal Description: ONTARIO LOTS 16 & 17 BLK 55
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.
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Property Brokerage:
Keller Williams Realty Bellevue
505 106th Ave. NE #210
Bellevue
WA
98004
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.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.