$2,000,000
110 S Naches Ave,
Yakima WA, 98901
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.
Details
| MLS# | 21-366 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 10 |
Features
| SQ Feet | 17,870 |
|---|---|
| Zoning | C - Commercial |
Market Activity 98901
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| Area Information | |
|---|---|
| State | WA |
| City | Yakima |
| Zip Code | 98901 |
| Area | 1B - SE Yakima |
| Listing VS Median (in 98901) | |
Price: $2,000,000 low | high Med: $100,000 SqFt: 17,870 low | high Med: 0 $ / SqFt: $112 low | high Med: $0 On Site: 10 low | high Med: 260 Sourced by Back At You | |
Listing Updated: March 3, 2021 8:02:54 PM PST
MLS Number: 21-366Listing Provided By:
Russ Roberts, of Keller Williams Yakima Valley