702 North 2nd Street
702 North 2nd Street
Yakima, WA 98901
$997,500
Price
10
Beds
10
Baths
4,592 Sq. Ft.
$217 / Sq. Ft.
4,592
Sq. Ft.
$217
per Sq. Ft.
Listing provided courtesy of Windermere Professional Prtnrs
Description
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...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.
- Listed by Janet Lee • Windermere Professional Prtnrs
Property Details for 702 North 2nd Street
Community Name
Yakima
School DistrictYakima
Number of Assigned Spaces0
Total Covered Parking0
Entry Date09-28-2023
Energy SourceElectric
SewerSewer Connected
Location
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LISTING UPDATED: 03/13/2024 01:21 PM
Property Details for 702 North 2nd Street
| Status | Active |
|---|---|
| MLS # | 2166785 |
| Days on Market | 219 |
| Cumulative Days on Market | 226 |
| Taxes | $4,479 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1973 |
| Lot Size | 0.19 AC / 8,276 SF |
| County | Yakima County |
Location
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Add your commute
Building Information for 702 North 2nd Street
Stories2Residences11Year Built1973Building Size-Lot Size0.19 AC / 8,276 SF
Payment Calculator
$5,817 per month
30 year fixed, 7.25% Interest
Principal and Interest
$5,444
Property Taxes
$373
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 702 North 2nd Street
Summary
Location and General Information
- Style: 56 - 10+ Units
- Site Features: Cable TV, High Speed Internet
- Area: 475 - Yakima County
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: South on N. First St., East on G St., property on left
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 10.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl, Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Amenities: Elevator
- Cooling: Yes
- Cooling: Wall Unit(s)
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 4928.2
- Power Company: Pacific Power
- Sewer Company: City of Yakima
- Water Company: City of Yakima
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 16
Lot Information
- Lot Details: Curbs, Sidewalk
- Lot Size Source: Tax Assesor
- Parcel Number Free Text: 18131341451
- Building Condition: Good
- Calculated Square Footage: 4592
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4592.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 10
- Number of Stories in Building: 2
- Vacancy Rate: 1
- Number Of Units Total: 11
- Units Below Grade: false
- Units In Building Total: 10
Financing / Income and Expenses
- Electric Expense: $730
- Total Expenses: 14825.47
- Gross Adjusted Income: 90978
- Gross Rent Multiplier: 0
- Gross Scheduled Income: $90,978
- Insurance Expense: $2,888
- Net Operating Income: $74,279
- Other Expenses: $1,800
- Total Monthly Income: 7735
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 459
- Rent Unit 1: $775.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 459
- Rent Unit 2: $775.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 459
- Rent Unit 3: $725.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 459
- Rent Unit 4: $775.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 459
- Rent Unit 5: $775.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: false
- Square Feet Unit 6: 459
- Rent Unit 6: $825.00
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: false
- Square Feet Unit 7: 459
- Rent Unit 7: $750.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: false
- Square Feet Unit 8: 459
- Rent Unit 8: $725.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 9
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Dishwasher Unit 9: false
- Square Feet Unit 9: 459
- Rent Unit 9: $775.00
- Bedrooms Unit 9: 1
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 10
- Range/Oven Unit 10: true
- Refrigerator Unit 10: true
- Dishwasher Unit 10: false
- Square Feet Unit 10: 459
- Rent Unit 10: $775.00
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Rent Unit 11: $775.00
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4592.0
- Leasable Area Units: Square Feet
Property History for 702 North 2nd Street
| 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 702 North 2nd Street
Taxable ValueLand$37,200Additions$506,300Total$543,500
Tax Record2023$5,212 ($434 / month)
Home Facts
Total Finished SqFt4,592 SqFtAbove Ground SqFt4,592 SqFtStories2Lot Size8,276 SqFtStyleMulti-Family Dwelling (2-4)Year Built1973Year Renovated1978ZoningR1CountyYAKIMAAPN181313-41451
Schools near 702 North 2nd Street
This home is within Yakima School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Barge-Lincoln Elementary School PublicPK to 5 | ||
Washington 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere Professional Prtnrs
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.