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.
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
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#: 23-1278

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

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.