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42 N First St
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building available for purchase at $900,000.
- Property features a move-in ready duplex for immediate operation.
- Includes additional acreage suitable for future site development projects.
- Current asset performance yields a 6% capitalization rate.
- Positioned within the coastal community of Moclips, Washington.
What's Special
Priced at $900,000, this multifamily apartment building located at 42 N First St in Moclips, Washington, presents an acquisition for investors seeking residential income property. The asset functions as a rent-ready duplex, allowing for immediate occupancy or tenant placement. Beyond the existing improvements, the parcel includes additional land providing potential for future expansion or the development of further units to increase overall density. Moclips serves as a coastal community in Grays Harbor County, attracting residents and visitors drawn to the Washington coastline. Given the configuration of the site and its current operational status, this property is well-suited for investors looking to balance immediate cash flow from the duplex with the long-term potential of land development in a regional market. The site offers a 6% cap rate, aligning with expectations for current market valuations in the area.
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