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Listed by:Networks Real Estate LLC • Peter Henry

$1,350,000

Est. payment - /mo

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16 Beds

10 Baths

8,840 SqFt

Active

414 ONTARIO ST Hoquiam, WA 98550

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,840 sqft

Price per Sqft $152

Subdivision Hoquiam

MLS Listing ID 2467372

Style 56 - 10+ Units

Bedrooms 16

Year Built 1977

Annual Tax Amount $8,821

Lot Size 0.340 Acres

Property Sub-Type Multi Family

Property Description

BACK ON MARKET DUE TO BUYERS COLD FEET. CASH FLOW FROM THE GET GO! 8.5% CAP RATE! Perfect investment or 1031 exchange property. Fully rented 10 plex features 6 two bedroom units and four one bedroom apartments. Recent electrical updates include new panels in all units. Newer exterior paint and roof too! Interior features include new carpet, vinyl and laminate hardwood flooring. Some bath and kitchen upgrades that include vanities, facets, flooring, commodes, etc...Coin operated laundry helps generate additional income. Tenants pay all utility bills. The 2 bedroom units are 900 SF and the 1 bedrooms are 850. Both feature spacious bedrooms and large living areas plus kitchens with eating space. Upstairs units have cute deck area too! Some units have access to 6 X 5 storage units located on backside of complex. Centrally located in downtown Hoquiam next to the YMCA and it's right on the bus line and close to any needed services.

Location

State WA

County Grays Harbor

Area 197 - Hoquiam

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Cable TV, Deck, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description 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, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Food

Beauty

Nightlife

Event Planning & Services

Automotive

Financial Services

Travel

Pets

Education

Domino’s Pizza

2605 Simpson Ave, Hoquiam, WA 98550

Pizza Phone: 360-533-3500
McDonald’s

2501 Simpson Ave, Hoquiam, WA 98550

Fast Food Phone: 360-532-6020
McDonald’s

2519 Simpson Ave, Hoquiam, WA 98550

Burgers Phone: 360-538-5863
Subway

2700 Simpson Ave, Hoquiam, WA 98550

Fast Food Phone: 360-537-1271

Educational Environment

Elementary Schools (1)Middle Schools (1)High Schools (1)

Name