307 S 2nd Street Pending Save Request In-Person Tour Request Virtual Tour
Yakima,WA 98901
Key Details
Property Type Residential Income
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 9,486 sqft
Price per Sqft $158
Subdivision Yakima
MLS Listing ID 1805432
Style 10+ Units
Year Built 1915
Annual Tax Amount $5,403
Tax Year 2021
Lot Size 6,930 Sqft
Property Sub-Type Multi-Family
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
Heating Baseboard,Hot Water Recirc Pump,Radiator
Cooling Baseboard,Hot Water Recirc Pump,Radiator
Flooring Laminate,Vinyl Plank,Carpet
Exterior
Exterior Feature Cement Planked,Wood
Utilities Available Sewer Connected,Electricity Available,Natural Gas Connected
View Y/N true
View Territorial
Roof Type Composition
Building
Lot Description Alley,Curbs,Paved,Sidewalk
Story 3
Foundation Poured Concrete
Sewer Sewer Connected
Water Public
New Construction false
Schools
Elementary Schools Adams Elem
Middle Schools Wash Mid
High Schools Davis High
School District Yakima
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional
Special Listing Condition None