2425 Bay Avenue
Hoquiam, WA 98550
10800 sqft | 0.29 acres | #2294255
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.
Property Details
- Days on Market (Cumulative)152
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-17 00:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing Courtesy
Listing Agent: Michael Durham (#NWM115085)
Listing Office: Keller Williams Rlty Bellevue (#NWM5243)
Listing Courtesy (Buyer)
Buyer's Agent: Abjeet Sandhu (#NWM138139)
Buyer's Office: Pellego, Inc. (#NWM4677)
