302 S 8th Ave

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Address: 302 S 8th Ave, Yakima, Washington, US
Created date: May 14, 2024
Date last updated: May 15, 2024
  • Higher than market Cap Rate.
  • Stable Tenant base.
  • Great central Yakima location.
  • Low price/unit.

Property Description

This OFFERING is for the opportunity to purchase a well-positioned five-unit apartment building and single-family home on one tax parcel in Central Yakima. The financials are strong, delivering an in-place cap rate of 9.17% and a 7.1 GRM. All Tenants are long-term. Situated on a corner lot, with five on-site parking spaces, and in close proximity to Downtown Yakima, this deal presents a prime opportunity for an investor to purchase a well-performing apartment property and single-family residence on R3 zoned land for sub-$500k. This investment delivers a solid ROI in a short amount of time. If cashed out, this property will pay for itself in 7 years based on the current income stream.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $495,000
No. of Units: 6
Average Occupancy: 9.18
Year Built: 1925
Lot Size: 0.16 Sq ft
Opportunity Zone: No
Price per unit: $82,500
Property Website Click Here
Address: 302 S 8th Ave, Yakima, WA 98902, USA
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