1704 S 12th Ave - Apartments FOR SALE


Yakima, WA 98902
$2,450,000 USD
509-594-7989
1704 S 12th Ave, Yakima, WA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/21
null | 6.65% Cap Rate

1704 S 12th Ave
Yakima, WA 98902


HIGHLIGHTS

  • Close to Schools and Public Transit
  • Opportunity to Increase Income
  • Zoned R3 Allowing for more units

OVERVIEW

Welcome to 12th Avenue Apartments located in the heart of Yakima right across the street from Lewis and Clark Middle School and a public transit bus stop. This expansive property offers 17 apartments, with 15 two bedroom units and 2 three-bedroom units, perfectly designed to accommodate a variety of lifestyle needs. The property provides two assigned off-street parking spots directly in front of every apartment, a separate storage locker for every apartment, private patios, five of the units provide private washer and dryer hook-ups, and a professionally managed laundry room for everyone. Spread across five well-maintained buildings, the property encompasses a generous 1.33 acres, providing ample space and a welcoming atmosphere. All of these units have been very well taken care of by the current owners. There is upside potential for more income with some of the units currently rented below market, making it even more attractive for the astute investor. This is one of three properties in a 45 unit portfolio that are all in close proximity to each other and can be purchased separately or as a package.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

17

PRICE/UNIT

$144,118

CAP RATE

6.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

58,069 SF

ZONING

R3

APN/PARCEL ID

181336-23003

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.