302 South 8th Avenue
302 South 8th Avenue
Yakima, WA 98902
$495,000
Price
—
Beds
2,971 Sq. Ft.
$167 / Sq. Ft.
2,971
Sq. Ft.
$167
per Sq. Ft.
Pending
Pending
Description
This OFFERING is for the opportunity to purchase a well-positioned five-unit apartment building and single-family home on a one tax parcel in Central Yakima. The financials are strong, delivering a stable in-place cap rate of 9.17% and a 7.40 GRM. All Tenants have been in place long-term. Situated on a corner lot with five on-site parking spaces and in close proximity to Downtown Yakima, this deal presents a prime opportunity for an investor to purchase a well performing apartment property and single-family...This OFFERING is for the opportunity to purchase a well-positioned five-unit apartment building and single-family home on a one tax parcel in Central Yakima. The financials are strong, delivering a stable in-place cap rate of 9.17% and a 7.40 GRM. All Tenants have been in place long-term. Situated on a corner lot with five on-site parking spaces and in close proximity to Downtown Yakima, this deal presents a prime opportunity for an investor to purchase a well performing apartment property and single-family residence on R3 zoned land for sub-$500k. This investment delivers a solid ROI in a short amount of time. If cashed-out, this property will pay for itself in 7 years based on current income stream.
- Listed by Nicholas R Mayer • Almon Commercial-Residential Real Estate
Property Details for 302 South 8th Avenue
Zoning
R3 - Multi Fam Res
Location
Listing Courtesy of Almon Commercial-Residential Real Estate
Add your commute
LISTING UPDATED: 05/23/2024 03:19 PM
Property Details for 302 South 8th Avenue
| Status | Pending |
|---|---|
| MLS # | 24-1026 |
| Days on Market | 8 |
| Taxes | $1,990 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Apartment |
| Year Built | 1925 |
| Lot Size | 0.16 AC / 6,969 SF |
| County | Yakima County |
Location
Listing Courtesy of Almon Commercial-Residential Real Estate
Add your commute
Building Information for 302 South 8th Avenue
Stories-Residences-Year Built1925Building Size-Lot Size0.16 AC / 6,969 SF
Payment Calculator
$2,867 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,701
Property Taxes
$166
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 302 South 8th Avenue
Summary
Location and General Information
- Absolute Longitude: 120.520584
- Area (with SubArea): 3A - Btwn S 1st/16th
- City: Yakima
- State/Province: WA
- Zip Code: 98902
- Directions: West on Yakima Ave.Left on S. 8th Ave. for three blocks.Building is in right.
Taxes and HOA Information
- Taxes: $1,990.00
- Parcel Number: 181324-43477
- Spec Tax Designation: None
- Tax Year: 2024
Parking
- Garage Capacity: 1
Property
Lot Information
- Total Approx Building SF: 2971.0
- Acreage M/L: 0.16
- Year Built: 1925
Property and Assessments
- Construction Style: Block
- Picture Count: 10
- Document Count: 7
Utilities
- Domestic Water: Public Water
- Sewage System: Connected
Interior and Exterior Features
Exterior Features
- Roof: Composition
- Siding: Wood
Interior Features
- Heat: Baseboard, Electric, Wall
Multi Family
Income & Expenses
- Gross Mo Income: $5,805.00
Multi-Family Information
- number Units: 6.0
Unit Information
Unit A
- Unit A # Bathrooms: 1.0
- Unit A # Units: 1
- Unit A Approx Sq Ft: 359.0
- Unit A Monthly Rent$: $825.00
Unit B
- Unit B # Bathrooms: 1.0
- Unit B # Units: 1
- Unit B # Bedrooms: 1
- Unit B Approx Sq Ft: 359.0
- Unit B Monthly Rent$: $895.00
Unit C
- Unit C #BA: 1.0
- Unit C # Units: 3
- Unit C Approx Sq Ft: 540.0
- Unit C Monthly Rent$: $880.00
Unit D
- Unit D # Bathrooms: 1.0
- Unit D # Units: 1
- Unit D # BR: 2
- Unit D Approx Sq Ft: 704.0
- Unit D Monthly Rent$: $1,400.00
Unit 1
- Number of Units: 1
- Number of Bathroom: 1
- Monthly Rent $: 825
- Approx Sq Ft: 359
- Refrigerator: y
- Fireplace: n
- Standard Rent: $825.00
- Standard Baths: 1
- Standard Beds: 0
Unit 2
- Number of Units: 1
- Number of Bathroom: 3/4
- Monthly Rent $: 895
- Approx Sq Ft: 359
- Refrigerator: y
- Fireplace: n
- Standard Rent: $895.00
- Standard Baths: 34
- Standard Beds: 1
Unit 3
- Number of Units: 1
- Number of Bathroom: 1
- Monthly Rent $: 925
- Approx Sq Ft: 359
- Refrigerator: y
- Fireplace: n
- Standard Rent: $925.00
- Standard Baths: 1
- Standard Beds: 1
Unit 4
- Number of Units: 1
- Number of Bathroom: 1
- Monthly Rent $: 900
- Approx Sq Ft: 595
- Refrigerator: y
- Fireplace: n
- Standard Rent: $900.00
- Standard Baths: 1
- Standard Beds: 1
Unit 5
- Number of Units: 1
- Number of Bathroom: 1
- Monthly Rent $: 860
- Approx Sq Ft: 595
- Refrigerator: y
- Fireplace: y
- Standard Rent: $860.00
- Standard Baths: 1
- Standard Beds: 1
Unit 6
- Number of Units: 1
- Number of Bathroom: 7
- Monthly Rent $: 1400
- Approx Sq Ft: 704
- Refrigerator: y
- Fireplace: n
- Standard Rent: $1,400.00
- Standard Baths: 7
- Standard Beds: 2
Rental
Rent Information
- Terms: Cash, Commercial
- Rental Amenities: Laundry
Property History for 302 South 8th Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 302 South 8th Avenue
Taxable ValueLand$36,200Additions$199,800Total$236,000
Tax Record2024$2,083 ($174 / month)
Home Facts
Baths5Total Finished SqFt2,266 SqFtAbove Ground SqFt2,266 SqFtStories2Lot Size6,970 SqFtStyleMulti-Family Dwelling (2-4)Year Built1925Year Renovated1968ZoningR3CountyYAKIMAAPN181324-43477
Schools near 302 South 8th Avenue
This home is within Yakima School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
McKinley Elementary School PublicK to 5 | ||
Franklin Middle School Public6 to 8 | ||
Davis High School Public9 to 12 | ||
Eisenhower High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Almon Commercial-Residential Real Estate
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.