1020 J Street
1020 J Street
Hoquiam, WA 98550
$625,000
Price
10
Beds
7
Baths
6,971 Sq. Ft.
$90 / Sq. Ft.
6,971
Sq. Ft.
$90
per Sq. Ft.
Listing provided courtesy of Keller Williams Rlty Bellevue
Description
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, it 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 amenities. Rents are currently below market value, presenting a significant opportunity for potential increases, making...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, it 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 amenities. 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.
- Listed by Michael Durham • Keller Williams Rlty Bellevue
Property Details for 1020 J Street
Community Name
Hoquiam
School DistrictHoquiam
Number of Assigned Spaces1
Total Covered Parking1
Entry Date05-15-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Keller Williams Rlty Bellevue![]()
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LISTING UPDATED: 05/17/2024 03:13 PM
Property Details for 1020 J Street
| Status | Active |
|---|---|
| MLS # | 2237288 |
| Days on Market | 18 |
| Cumulative Days on Market | 18 |
| Taxes | $3,012 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1929 |
| Lot Size | 0.14 AC / 6,098 SF |
| County | Grays Harbor County |
Location
Listing Courtesy of Keller Williams Rlty Bellevue![]()
Add your commute
Building Information for 1020 J Street
Stories2Residences7Year Built1929Building Size-Lot Size0.14 AC / 6,098 SF
Payment Calculator
$3,662 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,411
Property Taxes
$251
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1020 J Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV
- Area: 197 - Hoquiam
- Block: 64
- Elementary School: Buyer To Verify
- Middle Or Junior School: Hoquiam Mid
- High School: Hoquiam High
- Directions: From downtown Hoquiam on Simpson Avenue turn Right on 10th at bottom of Bridge to Left on J Street building on the Right.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Vinyl, Carpet
- Features: Laminate, Laminate Hardwood, Wall to Wall Carpet
- Cooling: Yes
- Cooling: Wall Unit(s)
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Flat
Property
Utilities
- Water/Sewer/Garbage: 14984
- Power Company: Grays Harbor PUD
- Sewer Company: City of Hoquiam
- Water Company: City of Hoquiam
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Concrete Ribbon, Post & Block
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 25
Lot Information
- Lot Details: Corner Lot, Curbs, Paved, Sidewalk
- Lot Size Dimensions: 56x97x56x97
- Lot Number: 14
- Lot Size Source: Realist
- Parcel Number Free Text: 051806401400
- Building Condition: Good
- Calculated Square Footage: 6971
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6971.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 2
- Vacancy Rate: 3
- Number Of Units Total: 7
- Units Below Grade: false
- Units In Building Total: 7
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 32454
- Gross Adjusted Income: 75157
- Gross Rent Multiplier: 7.74
- Gross Scheduled Income: $77,481
- Insurance Expense: $3,458
- Net Operating Income: $42,703
- Other Expenses: $11,000
- Total Monthly Income: 6456
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Rent Unit 1: $1,000.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Rent Unit 2: $850.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Rent Unit 3: $925.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Rent Unit 4: $775.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Rent Unit 5: $800.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Rent Unit 6: $850.00
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Rent Unit 7: $1,200.00
- Bedrooms Unit 7: 2
- Bathrooms Unit 7: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6555.0
- Leasable Area Units: Square Feet
Property History for 1020 J Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1020 J Street
Taxable ValueLand$25,500Additions$246,993Total$272,493
Tax Record2023$3,012 ($251 / month)
Home Facts
Total Finished SqFt6,971 SqFtAbove Ground SqFt6,971 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Dwelling (2-4)Year Built1929CountyGRAYS HARBORAPN051806401400
Schools near 1020 J Street
This home is within Hoquiam School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 3 | |||
| Public - | K to 1 | |||
| Public - | 4 to 5 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Lincoln Elementary School PublicPK to 3 | ||
Emerson Elementary School PublicK to 1 | ||
Central Elementary School Public4 to 5 | ||
Hoquiam Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Rlty Bellevue
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.