$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 TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1959
Days On Site10

Features

SQ Feet17,870
ZoningC - Commercial

Market Activity 98901

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Area Information
StateWA
CityYakima
Zip Code98901
Area1B - SE Yakima
Listing VS Median (in 98901)
Price:
$2,000,000
low | high
Med:
$100,000
100% of Average
SqFt:
17,870
low | high
Med:
0
100% of Average
$ / SqFt:
$112
low | high
Med:
$0
100% of Average
On Site:
10
low | high
Med:
260
3.846153846154% of Average
Sourced by Back At You
Listing Updated: March 3, 2021 8:02:54 PM PST
Russ Roberts, LogoMLS Number: 21-366
Listing Provided By:
Russ Roberts,  of  Keller Williams Yakima Valley
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Yakima Association of REALTORS®.
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