$625,000 Price Analysis   ♡   Hoquiam, WA 98550 Unknown bed None bath 6,971 SqFt ($89/SqFt) 6,098SqFt lot. Built 1929 Listed 2024-05-15, Taxes $3,012 | ✓ USDA Eligible near Hoquiam, WA Restrictions may apply due to home size |
A 7-unit apartment building with a strong rental history.
This building features three 2-bedroom units and four 1-bedroom units, offering a variety of living spaces. Additionally, t includes a garage that can be utilized as a shop or for storage, generating additional income.
Conveniently located close to a bus line and shopping areas, the property ensures easy access to essential ame nities. Rents are currently below market value, presenting a significant opportunity for potential increases, making it an attractive investment for those looking to maximize their returns.
Presented by Micheal Durham at
Keller Williams Rlty Bellevue.
Property MLS #2237288 from NWMLS
Laminate
Laminate Hardwood
Wall to Wall Carpet
Flooring: Laminate, Laminate Hardwood, Vinyl, Wall to Wall Carpet
Laminate Hardwood
Wall to Wall Carpet
Flooring: Laminate, Laminate Hardwood, Vinyl, Wall to Wall Carpet
Cooling Features: Wall
Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes
Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes
Wood
Covered Spaces: 1
Parking Total: 1
Parking Total: 1
Lot Description: Corner Lot, Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.1399908
Lot Size Dimensions: 56x97x56x97
Lot Size Square Feet: 6098
Lot Size Acres: 0.1399908
Lot Size Dimensions: 56x97x56x97
Lot Size Square Feet: 6098
Elementary School: Buyer To Verify
High School: Hoquiam High
High School District: Hoquiam
Middle School: Hoquiam Mid
High School: Hoquiam High
High School District: Hoquiam
Middle School: Hoquiam Mid
Central Elementary School is a public elementary school located approximately 0.5 miles away.
Map directions
Map directionsHoquiam Middle School is a public middle school located approximately 1.3 miles away.
Map directions
Map directionsHoquiam High School is a public high school located approximately 1.4 miles away.
Map directions
Map directionsSt Mary School is a private elementary and middle school located approximately 3 miles away.
Map directions
Map directionsGross Scheduled Income: 77481
Leasable Area: 6555
Leasable Area Units: Square Feet
Leasable Area: 6555
Leasable Area Units: Square Feet
Number of Units: 7
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-5 Description: 5
Unit-6 Description: 6
Unit-7 Description: 7
Unit 1 Total Actual Rent: 1000
Unit 2 Total Actual Rent: 850
Unit 3 Total Actual Rent: 925
Unit 4 Total Actual Rent: 775
Unit 5 Total Actual Rent: 800
Unit 6 Total Actual Rent: 850
Unit 7 Total Actual Rent: 1200
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-5 Description: 5
Unit-6 Description: 6
Unit-7 Description: 7
Unit 1 Total Actual Rent: 1000
Unit 2 Total Actual Rent: 850
Unit 3 Total Actual Rent: 925
Unit 4 Total Actual Rent: 775
Unit 5 Total Actual Rent: 800
Unit 6 Total Actual Rent: 850
Unit 7 Total Actual Rent: 1200
Calculated Total Monthly Association Fees: 0
Annual Tax Amount: 3012
Source Listing Status: Active
Country Region: US
County: Grays Harbor
Cap Rate: 6.8
Directions: From downtown Hoquiam on Simpson Avenue turn Right on 10th at bottom of Bridge to Left on J Street building on the Right.
Tax Year: 2023
Other Expense: 11000
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 3458
Area: 197 - Hoquiam
List Development Name: Hoquiam
Source Neighborhood: Hoquiam
Parcel Number: 051806401400
Street Suffix Modifier: Street
Subdivision: Hoquiam
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2.5
Source Listing Status: Active
Country Region: US
County: Grays Harbor
Cap Rate: 6.8
Directions: From downtown Hoquiam on Simpson Avenue turn Right on 10th at bottom of Bridge to Left on J Street building on the Right.
Tax Year: 2023
Other Expense: 11000
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 3458
Area: 197 - Hoquiam
List Development Name: Hoquiam
Source Neighborhood: Hoquiam
Parcel Number: 051806401400
Street Suffix Modifier: Street
Subdivision: Hoquiam
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2.5
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $246,993 + $25,500 $272,493 | $3,012 |
| 2022 | $203,972 + $18,000 $221,972 | $2,821 |
| 2021 | $203,972 + $18,000 $221,972 | $3,003 |
| 2020 | $163,178 + $18,000 $181,178 | $2,530 |
| 2019 | $141,959 + $18,000 $159,959 | $2,131 |
| 2017 | $149,430 + $18,000 $167,430 | $2,536 |
| 2017 | $141,959 + $18,000 $159,959 | $2,536 |
| 2016 | $149,430 + $18,000 $167,430 | $2,462 |
| 2015 | $163,000 + $18,000 $181,000 | $2,724 |
| 2014 | $163,000 + $18,000 $181,000 | $2,863 |
| 2013 | $163,000 + $18,000 $181,000 | $2,747 |
| 2012 | $173,500 + $22,500 $196,000 | $2,661 |
| 2011 | $173,500 + $22,500 $196,000 | $2,573 |
| 2010 | $173,500 + $22,500 $196,000 | $2,564 |
| 2009 | $173,500 + $22,500 $196,000 | $2,385 |
| 2008 | $100,000 + $15,000 $115,000 | $1,557 |
Listed 2024-05-15
$625,000
NWMLS
Relisted 2019-08-01
$250,000
NWMLS
Sold 2019-07-30
$279,000
Public Record
Listing removed 2019-07-30
$0
NWMLS
Relisted 2019-07-19
$250,000
NWMLS
Listing removed 2019-07-13
$0
NWMLS
Listed 2019-06-05
$250,000
NWMLS
Sold 2002-09-16
$409,613
Public Record
$625,000
NWMLS
Relisted 2019-08-01
$250,000
NWMLS
Sold 2019-07-30
$279,000
Public Record
Listing removed 2019-07-30
$0
NWMLS
Relisted 2019-07-19
$250,000
NWMLS
Listing removed 2019-07-13
$0
NWMLS
Listed 2019-06-05
$250,000
NWMLS
Sold 2002-09-16
$409,613
Public Record
Net Operating Income: 42703
Operating Expense: 32454
Operating Expense: 32454
Power Production Type: Electric
Sewer: Sewer Connected
Sewer: Sewer Connected
Building Area Total: 6971
Building Area Units: Square Feet
Building Name: Hoquiam Corr
Foundation Details: Concrete Ribbon, Post & Block
Living Area Units: Square Feet
Property Age: 95
Property Condition: Good
Roof: Flat
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
Building Area Units: Square Feet
Building Name: Hoquiam Corr
Foundation Details: Concrete Ribbon, Post & Block
Living Area Units: Square Feet
Property Age: 95
Property Condition: Good
Roof: Flat
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.