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Listed by:Better Properties Grays Harbor • Thomas Hedlund
$ 1,118,000
Est. payment /mo
Active
517 Emerson Avenue Hoquiam, WA 98550
11 Beds
9 Baths
6,360 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,360 sqft
Price per Sqft $175
Subdivision West Hoquiam
MLS Listing ID 2486273
Style 55 - 5-9 Units
Bedrooms 11
Year Built 1906
Annual Tax Amount $6,600
Lot Size 10,454 Sqft
Property Sub-Type Multi Family
Property Description
Turn-key 9-unit investment property in a convenient Hoquiam location, offering a 8.5% cap rate. Most units have been updated, one unit undergoing a refresh and will be rented soon. On-site coin-operated laundry adds additional revenue potential, Landlord storage spaces could potentially be converted to storage units or an additional 1 bedroom for extra income. Close to schools, services, and major routes for easy access. Two units, one 2 bedroom and 1 one bedroom could have floorplan changed to add a bedroom to each for increased cash flow.
Location
State WA
County Grays Harbor
Area 197 - Hoquiam
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Hoquiam
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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