Seller's Agent in 2024
Nick Mayer
Almon Commercial-Residential Real Estate
(509) 480-0733
41 Total Sales
610 N 2nd St Yakima, WA 98901
--
Bed
--
Bath
4,056
Sq Ft
7,405
Sq Ft Lot
Highlights
- Accessible Hallway
- Wood Siding
- 5-minute walk to Miller Park
- Baseboard Heating
About This Home
As of February 2024This well cared for, two-story, six-unit apartment building in North Downtown Yakima contains two 1bd/1ba units and four 2bd/1ba units, ten dedicated off- street parking spaces and a community laundry area currently being used as storage by ownership. Rents are conservatively 20% below market and ownership does not actively utilize the shared laundry room amenity for additional income. To increase cash flow new ownership can raise rents to market rate, implement a resident utility bill back system (RUBS) and offer a community laundry area for tenants. A new membrane roof was recently installed and the exterior was painted two years ago. Additional equity upside and higher rents can be achieved through light in-unit cosmetic renovations as turn over occurs. Current rents gross $49,800 annually but can easily be bumped to $60,240 not including additional income. At only $85,833 per door, take advantage of a low price per unit and a well appointed apartment building in Downtown Yakima with easily achieved upside by way of a more aggressive management strategy.Seller financing is available on request. Seller to offer 15yr. term at 7% with substantial down payment to be negotiated at time of offer.
Last Listed By
Almon Commercial-Residential Real Estate License #90998 Listed on: 01/03/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,180
Year Built
- Built in 1978
Lot Details
- 7,405
Home Design
- Frame Construction
- Composition Roof
- Wood Siding
Accessible Home Design
- Accessible Hallway
- Doors are 32 inches wide or more
Additional Features
- 7,405 Sq Ft Lot
- Baseboard Heating
Community Details
- 6 Units
- 4,056 Sq Ft Building
Listing and Financial Details
- Assessor Parcel Number 191318-33404
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2024 02/12/24 | Sold | $535,000 | +3.9% | $132 / Sq Ft |
| 01/11/2024 01/11/24 | Pending | -- | -- | -- |
| 01/03/2024 01/03/24 | For Sale | $515,000 | -- | $127 / Sq Ft |
Source: MLS Of Yakima Association Of REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Nick Mayer
-
N
Buyer Co-Listing Agent in 2024
Non Member
Non-Member
Map
Source: MLS Of Yakima Association Of REALTORS®
MLS Number: 23-2812
APN: 191318-33404
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