814 Perry Ave Hoquiam, WA 98550

This Grays Harbor County, Washington property presents a compelling investment opportunity. Located at 814 Perry Ave, Hoquiam, WA 98550, this multifamily property consists of two buildings totaling 1,680 square feet on a 5,184 square foot lot (APN: 055401401800). Built in 1911, the property features a charming main house with three bedrooms and one and three-quarter bathrooms, boasting a covered front porch, fresh paint, new flooring, a wood stove, and baseboard/wall heating. The well-insulated main house offers ample parking for up to four vehicles. A detached single-car garage with additional storage is also included. The second building is a one-bedroom, one-level home currently rented for $750 per month to a long-term tenant. The main house is vacant and ready for immediate occupancy. A potential rental income of $1500 per month is estimated for the main house and garage. The seller will install a new roof on the main house and garage prior to closing. The property offers a strong 8.82% cap rate, with a net operating income (NOI) of $21,960 and an asking price of $249,000 ($124,500 per unit). This is an excellent opportunity for an owner-user to live in one unit while generating income from the other. Showings for the occupied unit require advance notice.