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Listed by:Better Properties Grays Harbor • Thomas Hedlund

$1,118,000

Est. payment - /mo

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11 Beds

9 Baths

6,360 SqFt

Active

517 Emerson Avenue Hoquiam, WA 98550

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Ryan Born

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

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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

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

Mortgage Calculator

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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

Local Services

Arts & Entertainment

Food

Event Planning & Services

Religious Organizations

Travel

Al’s Hum Dinger

104 Lincoln St, Hoquiam, WA 98550

Burgers Phone: 360-533-2754
Sasquatch Pizza & Wings

204 Lincoln St, Hoquiam, WA 98550

Pizza Phone: 360-532-1222
Morning Fix

321 Lincoln St, Hoquiam, WA 98550

Food Stands Phone: 360-533-6349

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