Bought with Pellego, Inc.
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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $92
Subdivision Hoquiam
MLS Listing ID 2294255
Sold Date 12/17/24
Style 56 - 10+ Units
Bedrooms 24
Year Built 1978
Annual Tax Amount $6,290
Lot Size 0.290 Acres
Lot Dimensions 100x126x100x126
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.
Location
State WA
County Grays Harbor
Area 197 - Hoquiam
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Deck
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Alley, Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Hoquiam Mid
High Schools Hoquiam High
School District Hoquiam
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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