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Listed by:RE/MAX Premier Group • Israel Jimenez

$3,199,000

Est. payment - /mo

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35 Beds

18 Baths

15,728 SqFt

New

1011 1013, 1015 s 48th AVE Yakima, WA 98908

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Aaron Miriello

aaron@primenorthwesthomes.com +1(206) 999-8875

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,728 sqft

Price per Sqft $203

Subdivision Yakima

MLS Listing ID 2521913

Style 56 - 10+ Units

Bedrooms 35

Year Built 1996

Annual Tax Amount $18,296

Lot Size 1.537 Acres

Property Sub-Type Multi Family

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.

Location

State WA

County Yakima

Area 475 - Yakima County

Interior

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Outbuildings, Patio, Sprinkler System

View Y/N Yes

View Territorial

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Mcclure Elem

High Schools Eisenhower High

School District Yakima

Others

Senior Community No

Acceptable Financing Cash, Conventional, See Remarks

Listing Terms Cash, Conventional, See Remarks

"Three Trees" icon indicates a listing provided courtesy of NWMLS.