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    307 S 2nd Street

    Yakima, WA 98901
    • $1,499,000
    • STATUS: Active
    • ON SITE: 10 days
    • MLS #: 255147
    UPDATED: 10 min ago
    $1,499,000
    • 25
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 9,486
      SQFT
    • $158
      $/SQFT
    Type:
    Multi-Family
    Built:
    1915
    County:
    Area:

    School Ratings & Info

    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.

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    © 2021 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Phipps Team | eXp Realty. Data last updated: 2021-07-31T18:39:37.597.
    www.509realestate.com/homes/119514250
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    307 S 2nd Street Yakima, WA 98901

    • Price: $1,499,000
    • Status: Active
    • Updated: 10 min ago
    • MLS #: 255147
    25
    Beds
    6
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,486
    SQFT
    $158
    $/SQFT
    1915
    Built
    County:
    Yakima
    Area:
    Yakima
    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.
    Exterior Features

    Exterior Wood SidingConcrete Board Foundation Concrete Garage Parking Off Street Spaces Garage Per Unit None Garage Type None Roof Composition Shingle

    Interior Features

    Appliances Range/OvenRefrigerator Heating System Baseboard Interior Features Carpet(S)LaminateVinyl

    Property Features

    Agreements Lease Annual Taxes 5403 Auction No Available Financing CashConventional Bank Owned No For Sale Or Rent For Sale HUD No Multifamily Type Apartment Complex Possession ClosingRenters Rights Subdivision None/Na Tax Year 2021 Utilities ElectricGas Water Sewer Public Water Zoning Type Multi-Family Re

    Listing provided courtesy of The Paragon Group. © 2021 Multiple Listing Service of Pacific Regional Multiple Listing Service.


    © 2021 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Phipps Team | eXp Realty. Data last updated: 2021-07-31T18:39:37.597.
     
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    The Phipps Team | eXp Realty
    4310 W 24th Ave, Suite 240
    Kennewick WA, 99338