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    307 S 2nd Street

    Yakima, WA 98901
    • $1,499,000
    • STATUS: Pending Feasibility
    • ON SITE: 109 Days
    • ID#: 1805432
    Under Contract
    UPDATED: 56 min ago
    $1,499,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,486
      SQFT
    • $158
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of The Paragon Group.

    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.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-27T11:15:38.547.

    www.recordrre.com/homes/119172716
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    307 S 2nd Street Yakima, WA 98901

    • Price: $1,499,000
    • Status: Pending Feasibility
    • Updated: 56 min ago
    • ID#: 1805432
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    9,486
    SQFT
    $158
    $/SQFT
    1915
    Built
    Neighborhood:
    Yakima
    County:
    Yakima
    Area:
    Yakima County
    Elementary School:
    Adams Elem
    Middle School:
    Wash Mid
    High School:
    Davis High
    School District:
    Yakima
    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.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Cement PlankedWood Lot Features AlleyCurbsPavedSidewalk Open Parking Spaces 25 Open Parking YN Yes Parking Total 25 Parking Uncovered Spaces 25 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View Territorial View YN Yes Waterfront YN No

    Interior Features

    Building Area Total 9486 Fireplace YN No Flooring LaminateVinyl PlankCarpet Furnished Unfurnished Heating Cooling Type BaseboardHot Water Recirc PumpRadiator Heating YN Yes Interior Features Hot Water Recirc PumpWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

    Property Features

    Amenities BasementSee RemarksStorageThermal Windows Association Fee 0 Association Fee Frequency Annually Building Name Town Of North Yakima Electric On Property YN No Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Green Energy Efficient Thermal Windows Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 13 Net Operating Income 105740 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-Family Power Company Pacific Power Power Production Type ElectricNatural Gas Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City Of Yakima Site Features DeckPatio Special Listing Conditions None Tax Annual Amount 5403 Tax Year 2021 Units In Building Total 25 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Company City Of Yakima Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Engel & Völkers Federal Way and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-27T11:15:38.547.

     
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    Engel & Völkers Federal Way
    2012 S. 320th St. Suite A
    Federal Way WA, 98003
    Listing Courtesy of The Paragon Group.