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    110 S Naches Ave

    Yakima, WA 98901
    • $2,000,000
    • STATUS: Active
    • ON SITE: 4 days
    • MLS #: 21-366
    New On Site 4 Days Ago
    UPDATED: 54 min ago
    $2,000,000
    • 0
      BEDS
    • 0.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,870
      SQFT
    • $112
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1959

    School Ratings & Info

    Description

    VALUE ADD OPPORTUNITY- This 49 unit complex consisting of 44 studios and 5 one bedroom units used to be a Travelodge that was converted to the current use. There is currently a master lease in place with Yakima Neighborhood Health for 24 units on an annual renewal term of $10,296 guaranteed rents. The other 25 units the Seller (Triumph Treatment Services) is willing to do a similar sale with an annual leaseback or step aside and let a new owner take control. 20-25% below market rents along with the potential to implement the RUBS programs for utility reimbursement all make this an attractive buy.Building is fully sprinkled (helps lower insurance costs), has two coin operated laundry rooms as well as a common area rec room and kitchen with a stove with a wet suppression system. Each unit comes with a mini fridge, microwave and bed frame (no stoves in the units). Building has had many upgrades done in the last 5 years including: New roof in 2015 as well as LVP flooring in all the units in 2015. 3 new metal staircases installed in 2017 parking lot fully redone with new pavement in 2016. All units have HVAC units that heat and cool. New private and secured mailboxes and brand new 100 gal furnace installed in 2020. PLEASE SEE MARKETING PACKAGE FOR FULL FINANCIAL INFORMATION

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    © 2021 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Amy Maib - Yakima's Rescue Realtor. Data last updated: 2021-02-27T18:48:43.483.
    www.yakimasrescuerealtor.com/homes/114430716
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    110 S Naches Ave Yakima, WA 98901

    • Price: $2,000,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 21-366
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.61
    Acres
    17,870
    SQFT
    $112
    $/SQFT
    1959
    Built
    Neighborhood:
    1B - Se Yakima
    Area:
    1B - Se Yakima
    Property Description
    VALUE ADD OPPORTUNITY- This 49 unit complex consisting of 44 studios and 5 one bedroom units used to be a Travelodge that was converted to the current use. There is currently a master lease in place with Yakima Neighborhood Health for 24 units on an annual renewal term of $10,296 guaranteed rents. The other 25 units the Seller (Triumph Treatment Services) is willing to do a similar sale with an annual leaseback or step aside and let a new owner take control. 20-25% below market rents along with the potential to implement the RUBS programs for utility reimbursement all make this an attractive buy.Building is fully sprinkled (helps lower insurance costs), has two coin operated laundry rooms as well as a common area rec room and kitchen with a stove with a wet suppression system. Each unit comes with a mini fridge, microwave and bed frame (no stoves in the units). Building has had many upgrades done in the last 5 years including: New roof in 2015 as well as LVP flooring in all the units in 2015. 3 new metal staircases installed in 2017 parking lot fully redone with new pavement in 2016. All units have HVAC units that heat and cool. New private and secured mailboxes and brand new 100 gal furnace installed in 2020. PLEASE SEE MARKETING PACKAGE FOR FULL FINANCIAL INFORMATION
    Exterior Features

    Construction Block Foundation Concrete Lot Depth Feet 100.00 Lot Features Bus Line Lot Front Feet 250.00 Lot Size .51 - .75 Acres Roof Composition

    Interior Features

    Air Conditioning Wall Basement None Floor Coverings CarpetsVinyl Heating Wall

    Property Features

    Commercial Type Commercial Property List Price Description Total List Price Num Onsite Unconvered Parking 26 Sewage System Connected Sprinkler System Wet Sq Ft Source County Assessor Tax Designation None Tax Year 2020 Taxes 9471.00 Terms CashConventional Water Public Water Who Pays Common Area Landlord Who Pays Heat Ac Landlord Who Pays Maint Ext Walls Landlord Who Pays Maint Grounds Landlord Who Pays Maint Interior Landlord Who Pays Maint Roof Landlord Who Pays Maint Structure Landlord Who Pays Re Tax Landlord Who Pays Real Prop Ins Landlord Who Pays Utilities Landlord Zoning C - Commercial

    Listing provided courtesy of Russ Roberts, of Keller Williams Yakima Valley.


    © 2021 Yakima Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Yakima MLS© IDX Program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Amy Maib - Yakima's Rescue Realtor. Data last updated: 2021-02-27T18:48:43.483.
     
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    Amy Maib - Yakima's Rescue Realtor
    1019 S 40th Ave
    Yakima WA, 98908