702 2nd Street, Yakima, WA 98902
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- MLS#: NWM2166785 ( Residential Income )
- Street Address: 702 2nd Street
- Viewed: 2
- Price: $997,500
- Price sqft: $217
- Waterfront: No
- Year Built: 1973
- Bldg sqft: 4592
- Additional Information
- Geolocation: 46.6114 / -120.509
- County: YAKIMA
- City: Yakima
- Zipcode: 98902
- Subdivision: Yakima
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
- Provided by: Windermere Prof Partners
- Contact: Janet Lee
- 253-514-8294
- DMCA Notice
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DescriptionGreat 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.
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Wall Unit(s)
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Wood
Flooring
- Vinyl
- Vinyl Plank
- Carpet
Garage Spaces
- 0.00
Heating
- Baseboard
- Wall Unit(s)
High School
- Buyer To Verify
Insurance Expense
- 2888.00
Interior Features
- Wall to Wall Carpet
Living Area
- 0.00
Lot Features
- Curbs
- Sidewalk
Middle School
- Buyer To Verify
Area Major
- 475 - Yakima County
Net Operating Income
- 74279.00
Open Parking Spaces
- 10.00
Other Expense
- 1800.00
Parcel Number
- 18131341451
Possession
- Closing
Possible Use
- Multi-Family
Property Condition
- Good
Property Type
- Residential Income
Roof
- Composition
School Elementary
- Buyer To Verify
Sewer
- Sewer Connected
Tax Year
- 2022
Water Source
- Public
Year Built
- 1973