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302 S 8th Ave

Yakima, WA 98902
  • $495,000
  • STATUS: Active
  • ON SITE: 2 Days
  • MLS #: 24-1026
New On Site 2 Days Ago
UPDATED: 107 min ago
$495,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,971
    SQFT
  • $167
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925

School Ratings & Info

Description

This OFFERING is for the opportunity to purchase a well-positioned five-unit apartment building and single-family home on a one tax parcel in Central Yakima. The financials are strong, delivering a stable in-place cap rate of 9.17% and a 7.40 GRM. All Tenants have been in place long-term.Situated on a corner lot with five on-site parking spaces and in close proximity to Downtown Yakima, this deal presents a prime opportunity for an investor to purchase a well performing apartment property and single-family residence on R3 zoned land for sub-$500k.This investment delivers a solid ROI in a short amount of time. If cashed-out, this property will pay for itself in 7 years based on current income stream.

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© 2024 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. 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 Candy Lea Stump | Keller Williams Yakima Valley. Data last updated: 2024-05-17T21:49:19.133.
www.buysellyakima.com/homes/150516543
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302 S 8th Ave Yakima, WA 98902

  • Price: $495,000
  • Status: Active
  • On Site: 2 Days
  • Updated: 107 min ago
  • MLS #: 24-1026
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2,971
SQFT
$167
$/SQFT
1925
Built
Neighborhood:
3A - Btwn S 1St/16Th
Area:
3A - Btwn S 1St/16Th
Property Description
This OFFERING is for the opportunity to purchase a well-positioned five-unit apartment building and single-family home on a one tax parcel in Central Yakima. The financials are strong, delivering a stable in-place cap rate of 9.17% and a 7.40 GRM. All Tenants have been in place long-term.Situated on a corner lot with five on-site parking spaces and in close proximity to Downtown Yakima, this deal presents a prime opportunity for an investor to purchase a well performing apartment property and single-family residence on R3 zoned land for sub-$500k.This investment delivers a solid ROI in a short amount of time. If cashed-out, this property will pay for itself in 7 years based on current income stream.
Exterior Features

Construction Block Garage Capacity 1 Roof Composition Siding Wood

Interior Features

Bathrooms Unit A 1.00 Bathrooms Unit B 1.00 Bathrooms Unit C 1.00 Bathrooms Unit D 1.00 Bedrooms Unit A 0 Bedrooms Unit B 1 Bedrooms Unit C 1 Bedrooms Unit D 2 Heating BaseboardElectricWall Sq Ft Unit A 359 Sq Ft Unit B 359 Sq Ft Unit C 540

Property Features

Gross Monthly Income 5805.00 Multifamily Subtype Apartment Rent Unit A 825.00 Rent Unit B 895.00 Rent Unit C 880.00 Rent Unit D 1400.00 Rental Amenities Laundry Sewage System Connected Sq Ft Unit D 704 Tax Designation None Tax Year 2024 Taxes 1990.00 Terms CashCommercial Units A 1 Units B 1 Units C 3 Units D 1 Water Public Water Zoning R3 - Multi Fam Res

Listing provided courtesy of Nicholas Mayer of Almon Commercial-Residential Real Estate: (509) 966-3800.


© 2024 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. 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 Candy Lea Stump | Keller Williams Yakima Valley. Data last updated: 2024-05-17T21:49:19.133.
 
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Candy Lea Stump | Keller Williams Yakima Valley
1017 S. 40th Ave.
Yakima WA, 98908