1020 J St
Hoquiam WA 98550
1020 J Street
1020 J St Hoquiam WA 98550
Listing #: 683771 | Status: Available | Last Modified: 8/8/2024 |
For Sale
- Phone:(425) 508-0934
- Email:Michael@360-re.com
- Office Name:KW Commercial GSWA MCI LLC
- Office Phone:(425) 454-0911
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
SEE_NOTES
- Listing Price$ 575,000.0
- $/SF$ 82.5
- $/Unit$ 575,000.0
- Listing StatusAvailable
- Days on Market120
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income77,500
- Vacancy Factor %0.00%
- Operating Expenses31,454
- Net Operating Income46,046
- CAP Rate 8.01 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 8.01 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units7
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF6971
- Net Rentable Area6971
- Total Office SF
- Largest Contiguous SF
- Lot SF6098
- Acres0.14
- Property TypeMulti-Family
- Office Type
- Building ClassB
- CountyGrays Harbor
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaGrays Harbor
- Tax ID #051806401400
- Additional Parcels
- Zoning
- Year Built1929
- Year Renovated2020
- Completion Date
- Roof Type
- Construction Type
A 7-unit apartment building with a strong rental history. This building features three 2-bedroom units and four 1-bedroom units, offering a variety of living spaces. Additionally, it includes a garage that can be utilized as a shop or for storage, generating additional income. Conveniently located close to a bus line and shopping areas, the property ensures easy access to essential amenities. Rents are currently below market value, presenting a significant opportunity for potential increases, making it an attractive investment for those looking to maximize their returns.
