Ignite FB Tracking Pixel2425 Bay Avenue, Hoquiam, WA 98550 - Anna-Lisa Schorn
Van Dorm Realty, Inc.
Anna-Lisa Schorn, Van Dorm Realty, Inc.Phone: (360) 701-9239
Email: [email protected]

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listing
1 of 24
Listing Provided Courtesy of Keller Williams Rlty Bellevue
Residential Income
$1,399,000
2425 Bay Avenue
Hoquiam, WA 98550
Listing Provided by: NWMLS
Est. Mortgage
$7,321/mo

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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