702 N 2nd Street
Yakima, WA 98902
4592 sqft | 0.19 acres | #2166785
Description
Great multi-family investment opportunity! Nice apartment building with 10 1-bed units, five on each level. Units are in good condition. The majority have been remodeled & the remaining few get renovated upon a move-out. Building has new exterior paint (2022) & new roof (2017). Shared laundry room. All units on separate meters. Off-street parking spaces for all units. Landlord pays electricity just for common areas & laundry room. Tenants pay their own electric. Add'l. income of $720 annually for laundry room. This is a good performing asset w/pay-on-time tenants. Vacancy rates are less than 1% usually with a waiting list. Good location close to retail & commercial areas. CAP RATE:6.1 - managed professionally. Total rents are: $7675/month.
Interior Details
- InteriorWall to Wall Carpet
Property Details
- Exterior FeaturesCable TV, High Speed Internet
- Lot DescriptionCurbs, Sidewalk
- Exterior MaterialsWood
- Stories2
Measurements
- Acres0.19
- Square Feet4592
Construction Details
- Style56 - 10+ Units
- Property TypeMulti-Family
Condition
- Year Built1973
Material information
- FoundationPoured Concrete
Utilities / Energy Details
- Sewer InformationSewer Connected
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionYakima
Location
- Elementary SchoolBuyer To Verify
- Middle SchoolBuyer To Verify
- High SchoolBuyer To Verify
- School DistrictYakima
- CountyYakima
Financial Details
- Original List Price$997,500
- Taxes Annual$4,479
- Days on Market (Cumulative)319
Other
- MLS #2166785
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-09-05 12:47:45. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing Courtesy
Listing Agent: Janet Lee (#NWM16658)
Listing Office: Windermere Prof Partners (#NWM3199)
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