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Sold for $1,150,000 on 10/19/23
  • $1,150,000

    702 S 48th Ave, Yakima, WA 98908

    2beds
    4baths
    5,357sqft
    Apartment, Multi Family
    Built in 2023
    -- sqft lot
    $1,118,600 Zestimate®
    $215/sqft
    $2,418 Estimated rent

    What's special

    Bonnie Lane Apartments. Turnkey investment offering- rare find- zoned R3 -2 structures. Main house with studio apartment currently rented. Apartment complex - 4 units upstairs units built in 2023, all are rented. Good Investment return- with additional potential income are excellent. see informational flier located in listing public documents. The 4,320 sq.ft apartment complex building in past years was utilized for a business. In 2023, conversion was completed building out 4 apartment units upstairs. Certificate of occupancy issued 2023. All the units are currently occupied with established tenants. The units include two 1 bed/1ba units, and two studio units. All the units have high quality vinyl flooring installed and are fully furnished with appliances. The complex has an impressive Wi-Fi Router system that covers entire property. The building's safety and security features include a $50k fire sprinkler system and 10 audio/video security cameras. A solar power system was installed in 2023 that produces up to 6,000 watts at peak power making May's electric bill only $185 for the entire property. From the lobby on the main floor, you'll find an office and laundry room for tenant use. Bike racks are in place for tenants to store their bikes. Parking is an ease with a newly paved parking lot. With the garages included there are 11 parking spots available. You must come see this property to appreciate all it has to offer.

    Zillow last checked: 7 hours ago

    Listing updated: September 04, 2024 at 04:20pm

    Listed by:

    Candy Lea Stump 509-307-6827,

    Keller Williams Yakima Valley

    Bought with:

    Robb Paul

    John L Scott Yakima

    Source: YARMLS,MLS#: 23-1278MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 4
    Heating
    • See Remarks, Forced Air, Natural Gas
    Cooling
    • AC Units(6)
    Appliances
    • Included: Ranges(6), Refrigerators(6)
    Interior area
    • Total structure area: 5,357
    • Total interior livable area: 5,357 sqft

    Property

    Parking
    • Total spaces: 11
    • Parking features: Garage, Garage
    • Garage spaces: 4
    Accessibility
    • Accessibility features: Agent Remarks, Doors 32in+, Hallways 32in+
    Lot
    • Size: 0.39 Acres
    Details
    • Parcel number: 18132811006
    • Zoning: B2
    • Zoning description: Local Business

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment, Multi Family
    Materials
    • Wood Siding, See Remarks (Construction), Frame
    • Roof: Composition
    Condition
    • Year built: 2023

    Utilities & green energy

    • Water: Public
    • Utilities for property: Sewer Connected

    Community & neighborhood

    Community
    • Community features: Agent Remarks, Laundry, Storage
    Location
    • Region: Yakima

    HOA & financial

    Other financial information
    • Total actual rent: 6800

    Other

    Other facts
    • Listing terms: See Remarks,Cash,Commercial
    Services availability
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