1. Washington
  2. Yakima
  3. S 209 9th Ave
$699,000/mo

S 209 9th Ave, Yakima, WA 98902

  • 5,792 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon0.42acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $121/sqft
  • Property List Date Icon Listed 20 days ago

Property Description

THIS OFFERING is for the opportunity to acquire a 9-unit multifamily property in central Yakima, zoned R3. The Spanish-style building showcases ''old world'' architectural charm, with a central open courtyard, and mature landscaping to provide a classic and timeless aesthetic.The unit mix includes seven-1Bd/1Ba units and two-2Bd/1Ba units, complimented by a community laundry room with storage units and a 600SF+/- detached garage. Recent capital improvements include a new exterior renovation inclusive of paint, upgraded in-unit heaters, and new electrical panels in all units (installed in 2024) to reduce future cap-ex maintenance requirements while positioning the property for stronger future operational performance. Current rents are below market, offering significant upside by way of rental adjustments, expense optimization (current expenses are 47% of GSI), and implementation of a RUBS (Ratio Utility Billing System). This property presents a compelling investment opportunity in a desirable central location. To further enhance the investment appeal, attractive SELLER FINANCING terms are available.

Listing Status:
Pending
Listing Office:
Almon Commercial-Residential Real Estate : (509) 966-3800
Listing Agent:
Nicholas R Mayer : (509) 480-0733
MLS ID:
25-1642

This listing courtesy of Nicholas R Mayer, Almon Commercial-Residential Real Estate

Location

Schools Nearby

M

McKinley Elementary School

621 S 13th Ave, Yakima, WA, 98902

Grades KG-5

0.42 miles away

F

Franklin Middle School

410 S 19th Ave, Yakima, WA, 98902

Grades 6-8

0.78 miles away

A

A.C. Davis High School

212 S 6th Ave, Yakima, WA, 98902

Grades 9-12

0.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.