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Yakima Court
602 - 610N 3rd St Yakima WA 98901
Listing #: 681877 | Status: Pending | Last Modified: 7/8/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 8.11 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Total Units | 19 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 3 |
| # of Floors | 2 |
| # of Units | 19 |
| # of Elevators | 0 |
| Total Building SF | 15,065 SF |
| Net Rentable Area | 15,065 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 36,155 SF |
| Acres | 0.83 |
| Year Built | 1988 |
| Year Renovated | 1994 |
| Construction Type | Framed |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Building Class | C |
| Location | |
|---|---|
| County | Yakima |
| Market Area | Yakima County |
| Tax ID # | 19131832434 |
| Zoning | R-1 |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 27 |
| Total Parking Spots | 27 |
Yakima Court Apartments
We are pleased to present Yakima Court, a 19-unit, turnkey asset located in Yakima, Washington. The Property features a mix of one, two, and three-bedroom units with 18 of them being renovated. This stabilized deal is offered at an in place 8.11% cap with potential for a savvy investor to capture 5% additional loss to lease revenue on unit turnover. Yakima boasts solid demographics. Vacancy rates sit at 4.1% and rental rates continue to rise at a steady 3%. Since the year 2000, Yakima’s population has grown by 15.7% with home prices increasing by 53% in the last 5 years alone. Additionally, there is a 4th vacant 6,992 square foot parcel zoned R1 with potential to develop. Yakima Court presents the opportunity to own a turnkey asset in a growing area at a low price per unit and high cash o
Yakima Court
602 - 610N 3rd St Yakima WA 98901
Listing #: 681877 | Status: Pending | Listing Date: 5/22/2024 | Last Modified: 7/8/2024 | Email Listing
For Sale
Yakima Court
