$495,000 Price Analysis    ♡   Yakima, WA 98902 Unknown bed None bath 2,971 SqFt ($166/SqFt) 6,970SqFt lot. Built 1925 Listed 2024-05-14, Taxes $1,782 | Ⓧ USDA Ineligible due to location near Yakima |
This OFFERING is for the opportunity to purchase a well-positione d five-unit apartment building and single-family home on a one tax parcel in Central Yakima.
* Sale Pending *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 proprty will pay for itself in 7 years based on current income stream.
Presented by Nicholas R Mayer at
Almon Commercial-Residential Real Estate.
Property MLS #24-1026 from Yakima
Lot Size Square Feet: 6970
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1.00
Total Bathrooms in Unit-2: 1.00
Total Bathrooms in Unit-3: 1.00
Total Bathrooms in Unit-4: 1.00
Unit-1 Square Feet: 359
Unit-2 Square Feet: 359
Unit-3 Square Feet: 540
Unit-4 Square Feet: 704
Unit 1 Total Actual Rent: 825.00
Unit 2 Total Actual Rent: 895.00
Unit 3 Total Actual Rent: 880.00
Unit 4 Total Actual Rent: 1400.00
Source Listing Status: Pending
Tax Year: 2024
Source Property Type: Multi-Family
Area: 3A - Btwn S 1st/16th
Source Neighborhood: 3A - Btwn S 1st/16th
Parcel Number: 181324-43477
Zoning: R3 - Multi Fam Res
Property Subtype: Apartment
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $236,500 + $27,200 $263,700 | $1,782 |
| 2022 | $236,500 + $27,200 $263,700 | $2,907 |
| 2021 | $193,900 + $27,200 $221,100 | $2,624 |
| 2020 | $153,700 + $27,200 $180,900 | $2,242 |
| 2019 | $137,600 + $27,200 $164,800 | $1,863 |
| 2018 | $113,900 + $27,200 $141,100 | $1,909 |
| 2017 | $122,300 + $27,200 $149,500 | $1,907 |
| 2016 | $134,400 + $27,250 $161,650 | $2,092 |
| 2015 | $142,800 + $27,250 $170,050 | $2,209 |
| 2014 | $142,800 + $27,250 $170,050 | $2,240 |
| 2013 | $145,000 + $27,250 $172,250 | $2,221 |
| 2012 | $137,800 + $32,400 $170,200 | $2,146 |
| 2011 | $126,300 + $21,000 $147,300 | $1,749 |
| 2010 | $126,300 + $21,000 $147,300 | $1,790 |
| 2008 | $126,000 + $21,000 $147,000 | $1,748 |
| 2007 | $105,000 + $21,000 $126,000 | $1,589 |
$495,000
Yakima
Building Exterior Type: Wood
Property Age: 99
Roof: Composition
Architectural Style: Block
Water Source: Public Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.