Yakima, WA 98902,8 S 11th AVE
Listed by Kidder Mathews
Bought with NWMLS-NonOffice

$1,375,000

Est. payment /mo

$1,375,000

Est.Price: ?

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8 S 11th AVE Yakima, WA 98902

11,760 SqFt

SOLD DATE : 06/11/2021

Key Details

Sold Price $1,375,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 11,760 sqft

Price per Sqft $116

Subdivision Yakima

MLS Listing ID 1790969

Sold Date 06/11/21

Style 56 - 10+ Units

Year Built 1966

Annual Tax Amount $10,868

Lot Size 0.310 Acres

Property Description

Bay Hill Estates is a 2-story, well-maintained apartment community. The property consists of 2 buildings centrally located near downtown Yakima and walking distance to the nearby hospital complex. The building has 8 one-bedroom units and 8 two-bedroom units. The property got a new roof in 2020 and the exterior was painted and new signage was installed in 2015. The owner has replaced the bathtub surrounds on turnover.

Bay Hill offers investors a quality asset with significant rental upside with current rents an estimated 24% +/- below market. An investor can capitalize on the income upside through increased rents in-line with the current market, adding amenities, and capturing additional revenue sources such as utility bill-back.

Location

State WA

County Yakima

Area 475 - Yakima County

Interior

Fireplace false

Exterior

Exterior Feature Brick, Wood

Utilities Available Cable Connected, Sewer Connected, Electric

Amenities Available Cable TV

View Y/N No

Roof Type Composition

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Yakima

Others

Senior Community No

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Northwest MLS (NWMLS)

Ricardo Campos

Agent | License ID: 137033

+1(425) 529-7170

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