1111 Chenault Ave - Apartments FOR SALE


Hoquiam, WA 98550
$385,000 USD
360-589-8073
1111 Chenault Ave, Hoquiam, WA for Sale
$385,000 USD
Apartments - FOR SALE
1/23
null | 9% Cap Rate

1111 Chenault Ave
Hoquiam, WA 98550


HIGHLIGHTS

  • Three-unit property with flexible owner-occupancy potential.
  • Separate rear unit offers private entrance, garage space, and alley access.
  • Recent interior paint and flooring updates have been completed.
  • Contact Keren Spangler for more information.

OVERVIEW

Turnkey investment opportunity with owner-occupancy potential! Live in one unit while generating rental income from the others or add a strong income-producing property to your portfolio. These well-maintained triplex features two units in the front building and a separate rear unit with its own private entrance, garage space, and alley access. Unit 1 offers 2 bedrooms and 1 bath on the main level. Unit 2 features 1 bedroom, 2 baths, and a dedicated office upstairs, making it an excellent owner-occupied option. Unit 3 includes 2 bedrooms, 1 bath, private entry, garage space, and added privacy. Each unit has its own laundry facilities for added tenant convenience. Recent updates include fresh interior paint and new flooring. A spacious side yard, driveway, and off-street parking enhance the property's appeal. The upstairs unit is expected to be fully leased by the end of July, offering flexibility for buyers who wish to occupy it before leasing or simply acquire a fully rented asset. Whether you're expanding your investment portfolio or purchasing your first multifamily property, this Hoquiam triplex offers flexible living arrangements, solid rental potential, and an excellent opportunity to build long-term wealth.

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

3

PRICE/UNIT

$128,333

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

1

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

054402601500

ASK ABOUT THIS PROPERTY

Keren SpanglerPremier Realty Grays Harbor-AberdeenMore Info
360-589-8073

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Keren SpanglerPremier Realty Grays Harbor-AberdeenMore Info
360-589-8073

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.