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)315
Other
- MLS #2166785
Legal
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Janet Lee (#NWM16658)
Listing Office: Windermere Prof Partners (#NWM3199)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
