$515,000
Yakima, WA 98902
MLS# 24-2238
Status: Closed
4831 sqft
1 / 38
Property Description
Great investment Opportunity! Fully leased 8-unit apartment complex with room to raise rents! Property Taxes $3,334, Utilities $7,200, Insurance $2,106, Gross rent $5,075/m, Potentially increased to $5,650/m. Net yearly income based on market rate rent increase after taxes, utilities, and insurance is $55,160 . The property recently underwent renovations to 5 of the 8 units, new landscaping, a new roof, and a $30k main-line plumbing upgrade. It is located on Dead End Street in a quiet neighborhood. Great tenants, all of whom have been there over a year, have no outstanding rents due! Currently managed by Wilson Real Estate Management.
Details
Maps
Documents
Contract Information
Current Price: $515,000
MLS Service Begin Date: 2024-09-14
Status: Closed
Sold Price: $515,000
Sub Type: Apartment
Seller Disclosure: Yes
General Property Description
# Units: 8
Gross Mo Income: 5075
Year Built: 1971
Garage Capacity: None
Acreage M/L: 0.27
Total Apx SF: 4831
Realtor.COM Type: Multi-Family
Location, Tax & Legal
Area (with SubArea): 2A - Btwn N 1st/16th
House Number: 612
Street Name: Laurel
Street Suffix: St
State/Province: WA
Zip Code: 98902
Status Change Info
Sold Date: 2024-10-04
Under Contract Date: 2024-09-23
Status Change Date: 2024-10-08
Sold Price: $515,000
Financing: CASH
Unit Information
Annual Water$: 6000
Annual Insurance$: 2106
Annual Sewer/Garb$: 1200
# Ranges: 8
# Refrig: 8
# Parking Sp: 16
# Carports: 4
Property Features
Construction Style: Frame
Domestic Water: Public Water
Heat: Baseboard; Electric
Lockbox: Agent Remarks
Roof: Composition
Sewage System: Connected
Siding: Wood
Terms: Cash; Conventional
Possession: Close Of Escrow
Zoning: M1 - Light Indus
Lead Paint 
Listing Office: Wilson Real Estate Management LLC
Last Updated: October - 08 - 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.