702 N 2nd Street, Yakima
$997,500
Listing Office: Windermere Professional Prtnrs.
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.
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Listing information last updated on May 5th, 2024 at 9:13pm CDT.
