2425 Bay Avenue
Hoquiam, WA 98550
- – beds
- – baths
- 10,800 sqft
- 12,632 sqft lot
- $111 per sqft
- 1978 build
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.
Last checked:
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Checking…
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Last updated Oct 23, 2024
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MLS# 2294255 —
The Building
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Year Built:1978
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New Construction:false
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Building Name:Ontario
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Structure Type:Multi Family
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Exterior Features:Wood
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Roof:Composition
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Units In Building Total:12
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Foundation Details:Poured Concrete
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# of Units Total:12
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Stories Total:2
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Building Area Total:10800
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Building Area Units:Square Feet
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Calculated SqFt:10800
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SqFt Source:Realist
Interior
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Interior Features:Wall to Wall Carpet
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Flooring:Vinyl, Carpet
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Fireplace:false
Financial & Terms
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Possession:Closing, Tenant's Rights
Location
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Latitude:46.972758
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Longitude:-123.868123
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Directions:From Hoquiam Simpson Ave to Right on Ontario to Right on Pacific Ave to Left on 25th to Right at alley before Port Dock. From Aberdeen Sumner Ave to Left on Ontario follow the above directions.
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Parcel Number:055205501600
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Lot Number:16 & 17
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Lot Features:Alley, Corner Lot, Curbs, Paved, Sidewalk
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Lot Size Units:Square Feet
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Lot Size Dimensions:100x126x100x126
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Lot Size Acres:0.29
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Lot Size SqFt:12632
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Lot Size Source:Realist
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Zoning Class:Multi-Family
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View:Territorial
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View:true
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Waterfront:false
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Possible Use:Multi-Family
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (425) 454-0911
- Office phone:
- (425) 454-0911
Taxes
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Tax Year:2024
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Tax Annual Amount:6290
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard
Utilities
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Water Company:City Of Hoquiam
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Water Source:Public
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Sewer:Sewer Connected
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Sewer Company:City Of Hoquiam
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Power Company:Grays Harbor Pud
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Water Sewer Garbage:24831
Schools
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Elementary School:Buyer To Verify
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Middle Or Junior School:Hoquiam Mid
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High School:Hoquiam High
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High School District:Hoquiam
The Community
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Subdivision Name:Hoquiam
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Senior Community:false
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Association:false
Parking
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Parking Total:14
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Parking Uncovered Spaces:14
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Open Parking:true
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Open Parking Spaces:14
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Carport:false
Listing courtesy of NWMLS / Keller Williams Rlty Bellevue
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/15/24
Oct 15, 2024
|
Pending | NWMLS | $1,199,000 | |
|
9/24/24
Sep 24, 2024
|
Listed / Active | NWMLS | $1,199,000 | 139.8% (27.1% / YR) |
|
8/8/24
Aug 8, 2024
|
Listed / Active | NWMLS |
