$6,875,000
Yakima, WA 98908
MLS# 22-1413
Status: Closed
50348 sqft
1 / 19
Property Description
THIS OFFERING is for the opportunity to acquire a portfolio of three well-positioned multi-family properties comprised of 61 units. Located in a desirable west Yakima neighborhood, 1005 & 1007 S 48th Ave contains 21 units comprised of five 2 beds/1 baths, 15 units comprised of 2 beds/1.5 baths and one unit comprised of 3 beds/1 bath. Located in central Yakima 4 blocks from both Yakima Valley College and Rainier Square, 1020 S 20th Ave contains 20 units comprised entirety of 1 bed/1 bath. Located in central Yakima across from the former Astria Hospital, the Cardinal Manor at 110 & 112 S 11th Ave contains 14 units comprised of 1 bed/1 bath, five units comprised of 2 bed/1 bath and one unit comprised of 2 bed/2 baths. Some simple administrative upside opportunity exists by way of increasing rents within some of the rental agreements that are currently below market.
Details
Maps
Documents
Contract Information
Seller Disclosure: Yes
Current Price: $6,875,000
MLS Service Begin Date: 2022-06-13
Status: Closed
Sold Price: $6,875,000
Sub Type: Apartment
General Property Description
# Units: 61
Gross Mo Income: 48147
Acreage M/L: 1.83
Garage Capacity: None
Realtor.COM Type: Multi-Family
Year Built: 1960
Total Apx SF: 50348
Location, Tax & Legal
Taxes: 41378
Tax Year: 2022
Spec Tax Designation: None
Parcel Number: 181327-23006, 181326-13429 & 181324-34453
Sellers Title Ins Co: Pacific Alliance
Area (with SubArea): 5A - W 40th/S Yak Ave
House Number: 1005
Street Dir: S
Street Name: 48th
Street Suffix: Ave
State/Province: WA
Zip Code: 98908
Remarks & Misc
Public Remarks: THIS OFFERING is for the opportunity to acquire a portfolio of three well-positioned multi-family properties comprised of 61 units.
Located in a desirable west Yakima neighborhood, 1005 & 1007 S 48th Ave contains 21 units comprised of five 2 beds/1 baths, 15 units comprised of 2 beds/1.5 baths and one unit comprised of 3 beds/1 bath.
Located in central Yakima 4 blocks from both Yakima Valley College and Rainier Square, 1020 S 20th Ave contains 20 units comprised entirety of 1 bed/1 bath.
Located in central Yakima across from the former Astria Hospital, the Cardinal Manor at 110 & 112 S 11th Ave contains 14 units comprised of 1 bed/1 bath, five units comprised of 2 bed/1 bath and one unit comprised of 2 bed/2 baths.
Some simple administrative upside opportunity exists by way of increasing rents within some of the rental agreements that are currently below market.
Directions: 1005 & 1007 S 48th Ave, 1020 S 20th Ave and 110 & 112 S 11th Ave
Status Change Info
Financing: OTHER
Sold Date: 2022-08-31
Under Contract Date: 2022-06-14
Status Change Date: 2022-08-31
Sold Price: $6,875,000
Domestic Water
Public Water: 1
Heat
Electric: 1
Sewage System
Connected: 1
Zoning
R3 - Multi Fam Res: 1
B1 - Prof Bus: 1
Roof
Composition: 1
Metal: 1
Showing Instructions
Do Not Show: 1
Siding
Wood: 1
Property Features
Domestic Water: Public Water
Heat: Electric
Roof: Composition; Metal
Sewage System: Connected
Showing Instructions: Do Not Show
Siding: Wood
Zoning: R3 - Multi Fam Res; B1 - Prof Bus
Lead Paint 
Listing Office: Almon Commercial-Residential Real Estate
Last Updated: September - 05 - 2024
Property profiling information contained herein is believed to be accurate, but may contain approximations or estimates where appropriate. The information contained herein is not guaranteed. This information is provided for the sole use and benefit of those authorized to access Yakima Association of Realtors® ('YAR') Multiple Listing Service ('MLS') information, and may not be reproducerepresened to third parties as information produced, warranted, or represented by YAR or MLS to be guaranteed.