Listed by Kidder Mathews, Bought with FIRST AND MAIN
NOT LISTED FOR SALE
-- Bed
-- Bath
7,548 Sq Ft
7,667 Sq Ft Lot

Last Sold April 26, 2021

Last sale price $915,000 $121 Per Sq Ft

52 Days on Market

Highlights

  • Thermal Windows
  • Wood Siding
  • 1-Story Property
  • High Speed Internet

About This Home

As of April 2021

Coachman Apts. is a 2-story, well-maintained apartment building in a designated Opportunity Zone located in downtown Yakima. The building has 12 one-bedroom units that the owner has replaced tub surrounds, installed ventilation, replaced flooring, and repainted on turnover. In 2019 the property got a new roof, new exterior paint, and new building signage.

Coachman offers investors a well-maintained asset with significant rental upside with rents an estimated 30+/- below market. An investor can capitalize on the income by increasing rents, creating additional amenities, & capturing additional revenue sources such as utility bill-back. Each unit at the Coachman has its own parcel # allowing for an alternative exit strategy as condos.

Last Agent to Sell the Property

Brian Richardson

Kidder Mathews License #78371 Listed on: 01/11/2021

Last Buyer's Agent

Phil Nelson

FIRST AND MAIN License #110436

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1715912

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,571

Year Built

  • Built in 1967

Lot Details

  • 7,667 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 7,548 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Parking

  • 15 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Yakima Subdivision

Listing and Financial Details

  • Assessor Parcel Number 191319-21492

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,571

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7548
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Property Condition: Fair
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 15
  • Open Parking: Yes
  • Total Parking Spaces: 15
  • ParkingUncoveredSpaces: 15

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 6987

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Yakima

Lot Info

  • Parcel Number: 191319-21492
  • Lot Size Acres: 0.176
  • Lot Size Sq Ft: 7667
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 895

Multi Family

  • Gross Scheduled Income: 118512
  • Net Operating Income: 77448
  • Number Of Units Total: 12
  • Electric Expense: 1170
  • Insurance Expense: 2100
  • Leasable Area: 7548
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7571
  • AdditionalTaxIds: 191319-21493,191319-21494,191319-21495,191319-21496,191319-21497,191319-21498,191319-21499,191319-21500,191319-21501,191319-21502

Range of Values:

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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
04/26/2021 04/26/21 Sold $915,000 -1.1% $121 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $925,000 -- $123 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1715912

Northwest Multiple Listing Service (NWMLS)