724 West Ruby Street
724 West Ruby Street
Pasco, WA 99301
$1,150,000
Price
16
Beds
8
Baths
7,392 Sq. Ft.
$156 / Sq. Ft.
7,392
Sq. Ft.
$156
per Sq. Ft.
Listing provided courtesy of The Paragon Group
Description
WORKFORCE LOCATION: Ideal workforce location in Pasco near Amazon Distribution Facilities, Darigold, and others. Property and neighborhood has sustained demand for Ruby8 with minimal vacancy for the past few years. VALUE-ADD POTENTIAL: Two units have been fully renovated and another two units partially renovated, proving market rents and property upside. NEIGHBORHOOD IMPROVEMENT: Tri-Cities Health acquired the property across the street with plans to convert it to additional parking, which will immediately...WORKFORCE LOCATION: Ideal workforce location in Pasco near Amazon Distribution Facilities, Darigold, and others. Property and neighborhood has sustained demand for Ruby8 with minimal vacancy for the past few years. VALUE-ADD POTENTIAL: Two units have been fully renovated and another two units partially renovated, proving market rents and property upside. NEIGHBORHOOD IMPROVEMENT: Tri-Cities Health acquired the property across the street with plans to convert it to additional parking, which will immediately improve the neighborhood and block. FLEXIBLE EXIT STRATEGY: Opportunity to split the two 4-plexes for acquisition and sales, capturing upside of residential financing and deep buyer pool for 4-unit investors.
- Listed by Mason Fiascone • The Paragon Group
Property Details for 724 West Ruby Street
Community Name
Pasco
School DistrictPasco
Number of Assigned Spaces16
Total Covered Parking0
Entry Date03-20-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of The Paragon Group![]()
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LISTING UPDATED: 05/14/2024 12:05 PM
Property Details for 724 West Ruby Street
| Status | Active |
|---|---|
| MLS # | 2213101 |
| Days on Market | 60 |
| Cumulative Days on Market | 25 |
| Taxes | $7,467 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1977 |
| Lot Size | 0.37 AC / 16,148 SF |
| County | Franklin County |
Location
Listing Courtesy of The Paragon Group![]()
Add your commute
Building Information for 724 West Ruby Street
Stories2Residences8Year Built1977Building Size-Lot Size0.37 AC / 16,148 SF
Payment Calculator
$6,898 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,276
Property Taxes
$622
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 724 West Ruby Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 245 - Franklin County
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: From W Court St, turn north on N 7th Ave, then east on W Ruby St. The buildings will be on your right.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
- Additional Tax Ids: 113394220
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 16.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate
- Features: Laminate
- Amenities: See Remarks
- Cooling: Yes
- Cooling: Ductless HP-Mini Split
- Fireplace: No
- Heating: Yes
- Heating: Ductless HP-Mini Split
- FIRPTA: No
Exterior Features
- Exterior: Stone, Wood
- Roof: Metal
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 11224
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Slab
- Zoning Class: Multi-Family,Residential
- First Right Of Refusal: false
- Possible Use: Multi-Family, Residential
- MLS Square Footage Source: County Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 15
Lot Information
- Lot Size Dimensions: 65X124.6
- Lot Size Source: County Records
- Parcel Number Free Text: 113394211
- Building Condition: Good
- Calculated Square Footage: 7392
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 7392.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Common Interest: Multi-Family
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 16
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 8
- Units Below Grade: false
- Units In Building Total: 8
Financing / Income and Expenses
- Electric Expense: $1,565
- Total Expenses: 26334
- Gross Adjusted Income: 92120
- Gross Rent Multiplier: 12.48
- Gross Scheduled Income: $92,120
- Insurance Expense: $4,791
- Net Operating Income: $65,787
- Other Expenses: $1,287
- Total Monthly Income: 8915
- Fuel Expense: $0
Unit 1
- Name Unit 1: 4A
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 870
- Rent Unit 1: $1,100.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 4B
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 870
- Rent Unit 2: $1,065.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 4C
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 870
- Rent Unit 3: $1,250.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4D
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 870
- Rent Unit 4: $1,085.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 8A
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 870
- Rent Unit 5: $1,200.00
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 8B
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 870
- Rent Unit 6: $1,050.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 8C
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: true
- Square Feet Unit 7: 870
- Rent Unit 7: $1,200.00
- Bedrooms Unit 7: 2
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 8D
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: true
- Square Feet Unit 8: 870
- Rent Unit 8: $965.00
- Bedrooms Unit 8: 2
- Bathrooms Unit 8: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 6960.0
- Leasable Area Units: Square Feet
Property History for 724 West Ruby 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 724 West Ruby Street
Taxable ValueLand$52,100Additions$629,600Total$681,700
Tax Record2021$3,103 ($259 / month)
Home Facts
Total Finished SqFt3,696 SqFtAbove Grade Finished SqFt3,696 SqFtStories2Lot Size7,841 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977CountyFRANKLINAPN113394211
Schools near 724 West Ruby Street
This home is within Pasco School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 3 to 5 |
Rating | School | Distance |
|---|---|---|
Captain Gray STEM Elementary PublicPK to 5 | ||
Ellen Ochoa Middle School Public6 to 8 | ||
Pasco Senior High School Public9 to 12 | ||
Marie Curie STEM Elementary Public3 to 5 |
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 The Paragon Group
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