1305 W King St - Apartments FOR SALE


Yakima, WA 98902
$2,085,000 USD
509-594-7989
1305 W King St, Yakima, WA for Sale
$2,085,000 USD
Apartments - FOR SALE
1/19
null | 6.66% Cap Rate

1305 W King St
Yakima, WA 98902


HIGHLIGHTS

  • Value Add Property
  • Close to Public Transit
  • Opportunity to Increase Rents

OVERVIEW

VALUE ADD 12-unit property includes a residential community feel with a combination of single-family residences and duplexes, with each unit having its own private fenced back yard, assigned covered parking, storage locker, and washer and dryer hook ups in every unit! This property consists of all 3 bedrooms and 1 or 1.5 bath homes. With such a large property, there is also a nice large owner storage building included with the sale. The property has highest density R-3 zoning which allows for many more units that is currently on the property, providing opportunities for both expansion and redevelopment within this 1.81 acre property. Centrally located with a public transit bus stop 1 block away. This large property spans to additional access and parking from 1305 King Street on the south side. In addition, the current rents on some of the units are low compared to market rents, giving a new owner the opportunity to raise income. This is one of three properties in a 45 unit portfolio that are all located in close proximity to each other and which can be purchased separately or as a package.

FOR SALE DETAILS

PRICE

$2,085,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

12

PRICE/UNIT

$173,750

CAP RATE

6.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

R3

APN/PARCEL ID

181336-22400

ASK ABOUT THIS PROPERTY

Russ RobertsKeller Williams Yakima ValleyMore Info
509-594-7989

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Russ RobertsKeller Williams Yakima ValleyMore Info
509-594-7989

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.