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2425 Bay Avenue

Hoquiam, WA 98550
  • $1,399,000
  • STATUS: Active
  • MLS #: 2237278
$1,399,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,048
    SQFT
  • $231
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Keller Williams Rlty Bellevue.
Mortgage Calculator is provided by BoomTown.

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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-05-26T22:15:36.2. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-05-26T22:15:36.2. 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.
www.brantleychristianson.com/homes/150565276
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2425 Bay Avenue Hoquiam, WA 98550

  • Price: $1,399,000
  • Status: Active
  • On Site: Days
  • MLS #: 2237278
0
Beds
0
Baths
0
½ Baths
0.29
Acres
6,048
SQFT
$231
$/SQFT
1978
Built
Neighborhood:
Hoquiam
County:
Grays Harbor
Area:
Hoquiam
Elementary School:
Buyer To Verify
Middle School:
Hoquiam Mid
High School:
Hoquiam High
School District:
Hoquiam
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.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features AlleyCorner LotCurbsPavedSidewalk Lot Size Dimensions 100x126x100x126 Open Parking Spaces 14 Open Parking YN Yes Parking Total 14 Parking Uncovered Spaces 14 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View Territorial View YN Yes Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 6048 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring VinylCarpet Heating Baseboard Heating YN Yes Interior Features Wall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Building Name Ontario Energy Source Electric First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 16 & 17 Net Operating Income 94333 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-Family Power Company Grays Harbor PUD Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City of Hoquiam Site Features Cable TVDeck Special Listing Conditions None Tax Annual Amount 6290 Tax Year 2024 Units In Building Total 12 Water Company City of Hoquiam Water Source Public Zoning Class Multi-Family



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-05-26T22:15:36.2. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-05-26T22:15:36.2. 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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Brantley Christianson Real Estate LLC
2005 SE 192nd Ave
Camas WA, 98607
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Keller Williams Rlty Bellevue.
Mortgage Calculator is provided by BoomTown.