702 N 2nd Street, Yakima WA, 98902
(Active)
$997,500
|
4,592 sqft
|
MLS# 2166785
Last Updated: 4/27/2024 1:03 AM
Description for
702 N 2nd Street
Yakima, WA 98902
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.
Price
$997,500
Yakima
Yakima
4,592 (approx)
2166785
Active
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.
Listing Information
| Property Type: Multi-Family, 2 Story | ||
| 0.19 Acres | 4,592 (approx) | 1973 |
| 2 | Wood | Multi-Family |
Yakima
Public
Cable Available, Sewer Connected
Neighborhood
School Information
| District: Yakima | ||
| Buyer To Verify | Buyer To Verify | Buyer To Verify |
Room Information
Interior Features
Vinyl, Carpet
Wall Unit(s)
Electric Heating,
Baseboard
Wall to Wall Carpet
Exterior / Lot Features
Wood
Composition
Curbs,Sidewalk
Driving Directions
South on N. First St., East on G St., property on left
Financial Considerations
| 18131341451 |
| $4,479 |
Conventional, FHA, VA Loan
Listing Price History
Yakima Real Estate
Yakima is located in Washington. Yakima, Washington 98902 has a population of 96,083.
The median household income in Yakima, Washington 98902 is $45,656. The median household income for the surrounding county is $54,405 compared to the national median of $66,222. The median age of people living in Yakima 98902 is 36 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 9/28/2023 | Active | $997,500 USD |
|