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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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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9,486SQFT
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$158$/SQFT
School Information
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.
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 Brantley Christianson Real Estate LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-05-22T21:15:31.13.