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Listed by simpliHOM Residential Peter Shawn Wilbur
$539,000
Est. payment /mo
8 Beds
6 Baths
3,192 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,192 sqft
Price per Sqft $168
Subdivision Hoquiam
MLS Listing ID 2448289
Style 55 - 5-9 Units
Bedrooms 8
Year Built 1930
Annual Tax Amount $2,983
Lot Size 0.290 Acres
Property Sub-Type Multi Family
Property Description
This 6-unit multifamily property offers an exceptional opportunity for investors seeking strong cash flow and long-term stability. With four one-bedroom units and two two-bedroom units, the property appeals to a wide range of tenants and is fully occupied. This property offers investors a rare combination of high current income and future appreciation potential. With a 10.6% cap rate and nearly 40% cash-on-cash return, this 6-unit building stands out as a high-performing asset in today's market.• Strong in-place cash flow with immediate yield.• Below-market rents provide upside potential.• Separately metered utilities for tenant accountability.• Well-maintained property in a stable rental area.
Location
State WA
County Grays Harbor
Area 197 - Hoquiam
Interior
Flooring Vinyl
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Hoquiam
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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