Bought with The Paragon Group
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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,486 sqft
Price per Sqft $142
Subdivision Yakima
MLS Listing ID 1805432
Sold Date 06/13/22
Style 56 - 10+ Units
Year Built 1915
Annual Tax Amount $5,403
Lot Size 6,931 Sqft
Property Description
Investor Alert! Amazing opportunity to own a 25 Unit Apartment in prime downtown Yakima location with25 - Studio Units. Historically low vacancy rates & professionally managed by local Jevons Property Management. Seller has completed over $65k in renovation value with new units renting out at a gross market rate potential of $14,240/month. Add coin-opp laundry, storage, and CAM for extra monthly income. Current below market rents = great rental upside with rents increasing on a 60 day notice now that the mortarium is over! Close to Yakima Sportsman State Park, all major freeways and close proximity to Yakima Air Terminal.
Location
State WA
County Yakima
Area 475 - Yakima County
Interior
Interior Features Radiator, Hot Water Recirc Pump, Wall to Wall Carpet, Laminate
Flooring Laminate, Vinyl Plank, Carpet
Fireplace No
Exterior
Exterior Feature Cement Planked, Wood
Utilities Available Sewer Connected, Electric, Natural Gas Connected
Amenities Available Deck, Patio
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Adams Elem
Middle Schools Wash Mid
High Schools Davis High
School District Yakima
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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