LISTING DETAILS

2425 Bay Avenue

2425 Bay Ave Hoquiam WA 98550

Listing #: 684402 | Status: Available | Last Modified: 9/24/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	149,700
Vacancy Factor %	0.00%
Operating Expenses	50,876
Net Operating Income	98,824
CAP Rate	8.24 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Utilities
Sanitary Sewer	City
Storm Sewer	City

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	8.242

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	1
Total Building SF	11,000 SF
Net Rentable Area	0 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	12,632 SF
Acres	0.29
Year Built	1978

Property Type
Property Type	Multi-Family

Location
County	Grays Harbor
Market Area	Grays Harbor
Tax ID #	055205501600

Bay Ave 12 unit

Public Comments

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.

2425 Bay Avenue
2425 Bay Ave Hoquiam WA 98550

Listing #: 684402 | Status: Available | Listing Date: 7/20/2024 | Last Modified: 9/24/2024 | Email Listing

For Sale

2425 Bay Avenue

Listing Images