Bought with NWMLS-NonOffice
$1,375,000
$1,375,000
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8 S 11th AVE Yakima, WA 98902
11,760 SqFt
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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"Three Trees" icon indicates a listing provided courtesy of NWMLS.