702 N 2nd Street Yakima, WA $ 997,500
702 N 2nd Street
$ 997,500
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702 N 2nd Street

Yakima, WA, 98902
$ 997,500
Baths0.0 Sq 4,592

Monthly Estimate*

$ 6,968

Listed by Windermere Professional Prtnrs
702 N 2nd Street, Yakima, WA 98902 - Image 1
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702 N 2nd Street, Yakima, WA 98902 - Image 8
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702 N 2nd Street, Yakima, WA 98902 - Image 16
Studio

Multi-Family Home for sale in Yakima, WA

for $997,500. This 4,592 square foot home was built in 1973 on a lot size of 0.19.

Great multi-family investment opportunity! Nice apartment building with 10 1-bed units, five on each level. Units are in good condition. The majority have been remodeled & the remaining few get renovated upon a move-out. Building has new exterior paint (2022) & new roof (2017). Shared laundry room. All units on separate meters. Off-street parking spaces for all units. Landlord pays electricity just for common areas & laundry room. Tenants pay their own electric. Add'l. income of $720 annually for laundry room. This is a good performing asset w/pay-on-time tenants. Vacancy rates are less than 1% usually with a waiting list. Good location close to retail & commercial areas. CAP RATE:6.1 - managed professionally. Total rents are: $7675/month.

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Multi-Family Active

Price

$ 997,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,479

Style

10+ Units

Lot Size

0.19

Year Built

1973

Town/City

Yakima

County/Region

Yakima

MLS | Web ID

2166785

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard Wall Unit(s)
Cooling Wall Unit(s)
Possession Closing
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1973
Property SubType Multi-Family
Tax Year 2022
County Yakima
Net Operating Income 74279
Insurance Expense 2888
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Yakima
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions South on N. First St. East on G St. property on left
High School Buyer To Verify
City Yakima
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Yakima
Open Parking Spaces 10
Total Units 11
MLS Area 475 - Yakima County
Lot Size Square Feet 8276
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 2nd
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 4479
Electric Expense 730.27
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Great multi-family investment opportunity! Nice apartment building with 10 1-bed units five on each level. Units are in good condition. The majority have been remodeled & the remaining few get renova
Leasable Area 4592
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Elevator
Water Company City of Yakima
Units Below Grade false
Units In Building Total 10
Zoning Class Multi-Family
Water Sewer Garbage 4928.2
Property Style 56 - 10+ Units
Cap Rate 6.75
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Curbs Sidewalk
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 4592
Lot Size Acres 0.19
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV High Speed Internet
Parking Uncovered Spaces 10
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Internal Only
OriginalMLSID NWM2166785
Street Number 1 702
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* Excluded Features
List By
Janet Lee

Listing Agent

Windermere Professional Prtnrs

Broker

Affordability Calculator

$7,341
Per Month
95%
5%
0%
Monthly Principal & Interest
$6,968
Monthly Property Taxes
$373
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3100709 Elementary School
3100069 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
9/28/2023$997,500 Listed Price

Map


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702 N 2nd Street, Yakima, WA, 98902 is a Multi-Family Home for sale at $997,500 with 4,592 sqft and a lot size of 0.19. 702 N 2nd Street is a studio with 0.0 baths and was built in 1973. The property's zip code is 98902 which is in Yakima, WA