8-10 S 11th Ave - Apartments FOR SALE


Yakima, WA 98902
$2,000,000 USD
509-594-7989
8-10 S 11th Ave, Yakima, WA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/24
null | 6.65% Cap Rate

8-10 S 11th Ave
Yakima, WA 98902


HIGHLIGHTS

  • Close to Public Transit
  • Close to Schools and Yakima Valley College
  • Roof updated in 2020 and new sewer line in 2024

OVERVIEW

This 16 unit multifamily property features a balanced mix of one-bedroom and two-bedroom apartments. A new owner has income upside potential in increasing rents on some of the units to get them up to market rent. This property is centrally located just one block south of Yakima Avenue and a public transit stop. The neighborhood has a high 82 walk score for convenient nearby access to many amenities and is near many schools, parks, and Yakima Valley College. All apartments are provided off-street parking, storage units, and access to onsite professionally managed laundry rooms. The units are very well taken care of and the current owner has spent a significant amount of money in capital expenditures over the last few years, such as a new roof in 2020 and new main sewer lines in 2024 with a transferable 10 year warranty. Seize the chance to invest in a thriving area with this versatile property that is perfect for a range of tenant lifestyles. This is one of three properties in a 45 unit portfolio that are all located in close proximity to each other and can be purchased separately or as a package.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

16

PRICE/UNIT

$125,000

CAP RATE

6.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bayhill Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

B-1

APN/PARCEL ID

181324-31499

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.