307 S 2nd Street, Yakima, WA 98901 - MLS#1805432

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Coldwell Banker Central

The Clerf Team at Coldwell Banker Central

info@cbcentral-re.com +1(509) 925-8700

Listed by The Paragon Group

$1,499,000

Est. payment - /mo

9,486 SqFt

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UPDATED:

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

Interior Features Hot Water Recirc Pump, Wall to Wall Carpet

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

Total Parking Spaces 25

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

SqFt Source YCR

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Special Listing Condition None

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Coldwell Banker Central

+1(509) 925-8700

Admin | License ID: 17699

Admin License ID: 17699

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307 S 2nd Street Yakima, WA 98901

Coldwell Banker Central

Key Details

Location

Interior

Exterior

Building

Schools

Others

307 S 2nd Street