Bought with Marketplace Sotheby's Intl Rty
$915,000
$925,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
16 N 6th ST Yakima, WA 98901
7,548 SqFt
Key Details
Sold Price $915,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,548 sqft
Price per Sqft $121
Subdivision Yakima
MLS Listing ID 1715912
Sold Date 04/26/21
Style 56 - 10+ Units
Year Built 1967
Annual Tax Amount $7,571
Lot Size 7,667 Sqft
Property Description
Coachman Apts. is a 2-story, well-maintained apartment building in a designated Opportunity Zone located in downtown Yakima. The building has 12 one-bedroom units that the owner has replaced tub surrounds, installed ventilation, replaced flooring, and repainted on turnover. In 2019 the property got a new roof, new exterior paint, and new building signage.
Coachman offers investors a well-maintained asset with significant rental upside with rents an estimated 30+/- below market. An investor can capitalize on the income by increasing rents, creating additional amenities, & capturing additional revenue sources such as utility bill-back. Each unit at the Coachman has its own parcel # allowing for an alternative exit strategy as condos.
Location
State WA
County Yakima
Area 475 - Yakima County
Interior
Fireplace false
Exterior
Exterior Feature Brick, Wood
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Yakima
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.