302 S 8th Ave

• 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.