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1020 J Street

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1020 J Street

1020 J St, Hoquiam, WA 98550
Multi-Family For Sale Available Built 1929 2 floors Zoning: Multi-Family
Asking Price
$515,000
Total Building6,971 SF
Land6,098 SF land
MarketGrays Harbor
CountyGrays Harbor

Read Overview
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Overview

Property ID
300754
Listing ID
701270
Type
Multi-Family
Asset Class
Multi-Family
Zoning
Multi-Family

Description

7-Unit Value-Add in High-Demand Area**Rare chance to acquire a 7-unit apartment building with massive upside potential. This property is a true value-add — perfect for investors looking to quickly force appreciation and boost cash flow.The building has a solid roof and offers easy opportunities to add a laundry room and storage units for additional income. Two units are currently vacant intentionally, giving the new owner an immediate start on renovations without disrupting existing tenants.Current rents are well below market, with no rent increases in years. By renovating units and adjusting to market rates, a savvy investor could push the cap rate to **10%+** while enjoying long-term appreciation.Located in a consistently strong rental market with a proven waiting list for tenan

Listing Courtesy of:

MD
Michael Durham
KW Commercial GSWA MCI LLC
10500 NE 8th Street, STE 1450,
Bellevue, WA 98004
State: WA City: Hoquiam ZIP: 98550 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.