Skip To Content

    307 S 2nd Street

    Yakima, WA 98901
    • $1,499,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 1805432
    UPDATED: 26 min ago
    $1,499,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    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.

    Monthly Payment Calculator



    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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-30T13:14:54.15.

    www.communityrealestategroup.com/homes/119172716
    Print Image

    307 S 2nd Street Yakima, WA 98901

    • Price: $1,499,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 1805432
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1915
    Built
    Neighborhood:
    Yakima
    County:
    Yakima
    Area:
    Yakima County
    Elementary School:
    Adams Elem
    Middle School:
    Wash Mid
    High School:
    Davis High
    School District:
    Yakima
    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.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Cement PlankedWood Lot Features AlleyCurbsPavedSidewalk Open Parking Spaces 25 Open Parking YN Yes Parking Total 25 Parking Uncovered Spaces 25 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring LaminateVinyl PlankCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type BaseboardHot Water Recirc PumpRadiator Heating YN Yes Interior Features RadiatorLaminate

    Property Features

    Association Fee 0 Association Fee Frequency Annually Building Name Town Of North Yakima Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 170880 Insurance Expense 7603 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Lot Number 13 Net Operating Income 105740 New Construction YN No Possible Use Multi-Family Power Production Type ElectricNatural Gas Property Sub Type Multi-Family Sewer Sewer Connected Site Features DeckPatio Special Listing Conditions None Tax Annual Amount 5403 Tax Year 2021 Total Expenses 56596 Units In Building Total 25 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 24703 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Tri-Cities and should be verified by the buyer.


    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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-30T13:14:54.15.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1805432-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1805432-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1805432-1.jpg
    Logo
    Keller Williams Tri-Cities
    4390 W Van Giesen
    West Richland WA, 99353
    Listing Courtesy of The Paragon Group.