702 N 2nd Street Yakima, WA 98902
Listing Courtesy of: Northwest MLS / Windermere Professional Partners / Janet Lee

  702 N 2nd Street Yakima, WA 98902

Active (201 Days)
$997,500

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.

MLS #:
2166785
Taxes
$4,479(2022)
Lot Size
8,276 SQFT
Type
Multifamily
Year Built
1973
Style
10+ Units
School District
Yakima
County
Yakima County
Community
Yakima

Listed By

Janet Lee, Windermere Professional Partners
Source
Northwest MLS as distributed by MLS Grid
Last checked Apr 17 2024 at 2:26 AM PDT
Bathroom Details
Interior Features
  • Wall to Wall Carpet
Subdivision
  • Yakima
Lot Information
  • Sidewalk
  • Curbs
Property Features
  • High Speed Internet
  • Cable Tv
  • Foundation: Poured Concrete
Flooring
  • Carpet
  • Vinyl Plank
  • Vinyl
Exterior Features
  • Wood
  • Roof: Composition
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
School Information
  • Elementary School: Buyer to Verify
  • Middle School: Buyer to Verify
  • High School: Buyer to Verify
Additional Listing Info
  • Buyer Brokerage Commission: 2.5
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 2024 4/16/24 19:26. 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.