NOT LISTED FOR SALE

1311 Folsom Ave Yakima, WA 98902

-- Bed
-- Bath
6,732 Sq Ft
9,583 Sq Ft Lot

Last Sold March 14, 2024

Last sale price $850,000 $126 Per Sq Ft

11 Days on Market

Highlights

  • Accessible Hallway
  • Baseboard Heating
  • Wood Siding

About This Home

As of March 2024

THIS OFFERING is for the opportunity to purchase a quality constructed, seven-unit, value-addapartment building competitively priced only $133/SF. Centrally located and in close proximity todominant east/west and north/south urban arterials this investment is poised for positive upside.The unit mix includes a single 1Bd/1Ba +/- 735SF unit and six 2Bd/1Ba +/- 950SF units accompanied byten dedicated off-street parking spaces. The roof is ten years old and the building has a coin-op community laundry room with seven private storage units and two private garages (approximately 150SF each) currently leased as storage. The apartments are large in size with original trim and ownership has maintained them meticulously for 22 years.Increased cash-flow and heightened value can be achieved by way of minor modern updates, a moreaggressive management strategy and elevating rents to market rate. Current rent rates are approximately 25% below average.

Last Agent to Sell the Property

Nick Mayer

Almon Commercial-Residential Real Estate License #90998 Listed on: 02/16/2024

Last Buyer's Agent

Ricardo Gonzalez

Yakima-CW Real Estate, LLC License #22003632

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,989

Year Built

  • Built in 1971

Lot Details

  • 9,583 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding

Accessible Home Design

  • Accessible Hallway
  • Doors are 32 inches wide or more

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units
  • 6,732 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 181324-24575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,989

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Estimated Lot Size: 0.22
  • Directions: West on Summitview. Right on 16th Ave. Right onto Folsom Ave. Building is on left.
  • Listing Member Name: Nicholas R Mayer
  • Listing Office Short Id: 45
  • Open House Office I D: 20060414233710999322000000
  • Prop. Type: Rental Income
  • Selling Member Short Id: RGonz
  • Selling Office Short Id: CWReal
  • Spec Tax Designation: None
  • Property Sub Type: Apartment
  • Year Built: 1971
  • Construction Style: Frame
  • Gross Mo Income: 6500.00
  • Rental Amenities: Laundry, Storage
  • Total Approx Bldg S F: 6732.00
  • Unit A Estimated Sq Ft: 735
  • Unit A Monthly Rent: 750.00
  • Unit A Number Bathrooms: 1.00
  • Unit A Number Bedrooms: 1
  • Unit A Number of Units: 1
  • Unit B Estimated Sq Ft: 950
  • Unit B Monthly Rent: 912.50
  • Unit B Number of Bathrooms: 2.00
  • Unit B Number of Bedrooms: 2
  • Unit B Number of Units: 6
  • Unit Information Number Garages: 2
  • Unit Information Number Parking Sp: 10
  • Unit Information Who Pays Electricity: T
  • Special Features: None

Interior Features

  • Accessibility: Doors 32in+, Hallways 32in+

Exterior Features

  • Roof: Composition
  • Exterior Construction: Wood

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Sewer: Connected
  • Domestic Water: Public Water
  • Heating: Baseboard, Wall

Condo/Co-op/Association

  • Number of Units: 7.00

Fee Information

  • Taxes: 4989.00

Lot Info

  • Parcel #: 181324-24575
  • Zoning: R3 - Multi Fam Res

Tax Info

  • Year: 2024

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2024 03/14/24 Sold $850,000 -5.0% $126 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $895,000 -- $133 / Sq Ft
Source: MLS Of Yakima Association Of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Mayer

    Seller's Agent in 2024

    Nick Mayer

    Almon Commercial-Residential Real Estate

    (509) 480-0733

    42 Total Sales

    Nick Mayer
    Section Image

  • R

    Buyer's Agent in 2024

    Ricardo Gonzalez

    Yakima-CW Real Estate, LLC

    (509) 307-6062

    213 Total Sales

    Ricardo Gonzalez
    Section Image
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Map

Source: MLS Of Yakima Association Of REALTORS®

MLS Number: 24-265

MLS Of Yakima Association Of REALTORS®

APN: 181324-24575

Washington Yakima County Yakima 98902

1311 Folsom Ave, Yakima, WA

This home is located at 1311 Folsom Ave, Yakima, WA 98902 since 16 February 2024. This property was built in 1971. 1311 Folsom Ave is a home located in Yakima County with nearby schools including Roosevelt Elementary School, Franklin Middle School, and Davis High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Of Yakima Association Of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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