Property Details

1020 J St

Hoquiam, WA 98550

$515,000

Available

CBA# 701270 courtesy of CBA Listing firm: KW Commercial GSWA MCI LLC

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Commercial

Property Type

6,971

Bldg Sq Ft

Units

1929

Year Built

Property Overview

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