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307 S 2nd Street Yakima, WA 98901
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Key Details
Sold Price $1,350,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 9,486 sqft
Price per Sqft $142
Subdivision None/Na
MLS Listing ID 255147
Sold Date 06/13/22
Bedrooms 25
HOA Y/N No
Year Built 1915
Annual Tax Amount $5,403
Property Sub-Type Apartment
Property Description
MLS# 255147 Investor Alert! Amazing opportunity to own a 25-unit apartment building in prime downtown Yakima location with 1bed/1bath and studio units. Historically low vacancy rates and professional managed by local Jevons Property Management. Seller has completed more than $65k in renovation value with new units renting out at a gross market rate potential of $14,240/month. Add coin-op laundry, syorage, and CAM for extra monthly income. Current below market rents = great rental upside with rents increasing on a 60-day notice now that the moratorium is over. Close to Yakima Sportsman State Park, all major freeways, and close proximity to Yakima Air Terminal.
Location
State WA
County Us
Interior
Flooring Carpet, Laminate, Vinyl
Fireplace No
Appliance Range/Oven, Refrigerator
Exterior
Parking Features No Garage, Off Street
Garage No
Building
Water Public
Others
Acceptable Financing Exclusive Agency
Listing Terms Exclusive Agency
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