1011 1013, 1015 S 48th Avenue, Yakima, WA 98908
- $2,990,000
Listing courtesy of RE/MAX Premier Group.
- List Price
- $2,990,000
- Status
- ACTIVE
- MLS#
- 2521917
- Price Change
- ▼ $209,000 1784166871
- Days on Market
- 78
- Annual Tax Ammount
- 18296.48
Property Description
The Eisenhower Complex is a stabilized 18 unit multifamily investment located in one of West Yakima’s most established rental corridors. The offering includes a 16 unit apartment property plus a duplex, creating a two bed dominant unit mix with broad renter appeal. The property is currently 100% occupied, w/current scheduled rent exceeding '25 reported rental income and additional income generated from coin op laundry. Positioned near MultiCare Yakima Memorial Hospital, Yakima Valley College, Wilson & West Valley Middle School, Eisenhower High School, shopping, dining, parks, gyms, golf courses & Yakima Air Terminal, the property benefits from convenient access to major healthcare, education, employment, retail, & daily service demand drivers. The combined property features ~1.54 total acres, ~15,728 total building SqFt, 36 total parking spaces including covered parking & irrigated grounds. The duplex includes two spacious 2 bed, 1 bath units ~1k SqFt each, w/carport & driveway parking. Ownership has completed meaningful capital improvements & ongoing unit remodels, supporting tenant appeal, durability, & rental desirability. Certain expenses reflect non recurring capital work, creating upside when evaluating normalized operations. W/stable in place performance, scheduled rent above '25 income, a marketable unit mix, meaningful reinvestment, & a strong West Yakima location, the Eisenhower Complex represents a well maintained, strategically positioned investment opportunity.
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Additional Information
- Community
- Yakima
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1996
- # of Assigned Spaces
- 36
- Roof
- Composition
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Vinyl, Vinyl Plank, Carpet
- Driving Directions
- From Nob Hill Blvd, Go North on 48th Ave, after third building, take a right onto a private drive to the apartments.
- Electric Expenses
- 1183
- Other Expenses
- 19379
- Energy Source
- Electric
- Net Operating Income
- $146,742
- Gross Scheduled Income
- $209,398
- Water/Sewer/Garbage Expenses
- $13,382
- Total Expenses
- $62,656
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.