$2,990,000

35 Beds 18 Baths 15,728 SQFT 1.54 Acres
Type: Multi-Family

1011 1013, 1015 s 48th Avenue
Yakima, WA 98908

MLS#: 2521913
Presented by: RE/MAX Premier Group and NWMLS

Property Description

 

The Eisenhower Complex is a stabilized 18 unit multifamily investment located in one of West Yakima’s most established rental corridors. The offering includes a 16 unit apartment property plus a duplex, creating a two bed dominant unit mix with broad renter appeal. The property is currently 100% occupied, w/current scheduled rent exceeding '25 reported rental income and additional income generated from coin op laundry. Positioned near MultiCare Yakima Memorial Hospital, Yakima Valley College, Wilson & West Valley Middle School, Eisenhower High School, shopping, dining, parks, gyms, golf courses & Yakima Air Terminal, the property benefits from convenient access to major healthcare, education, employment, retail, & daily service demand drivers. The combined property features ~1.54 total acres, ~15,728 total building SqFt, 36 total parking spaces including covered parking & irrigated grounds. The duplex includes two spacious 2 bed, 1 bath units ~1k SqFt each, w/carport & driveway parking. Ownership has completed meaningful capital improvements & ongoing unit remodels, supporting tenant appeal, durability, & rental desirability. Certain expenses reflect non recurring capital work, creating upside when evaluating normalized operations. W/stable in place performance, scheduled rent above '25 income, a marketable unit mix, meaningful reinvestment, & a strong West Yakima location, the Eisenhower Complex represents a well maintained, strategically positioned investment opportunity.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1

General

AmenitiesCoin Op Laundry, Storage
Building Area Units0 sqft
Cap Rate4.58
Carport Spaces13
Carport Y/NNo
CityYakima
CoolingSee Remarks
CountyYakima
DirectionsFrom Nob Hill Blvd, Go North on 48th Ave, after third building, take a right onto a private drive to the apartments.
Electric Expense1183.81
Elementary SchoolMcclure Elem
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingWall Furnace
High SchoolEisenhower High
High School DistrictYakima
Insurance Expense10414
Leasable Area15,468 sqft
Listing TermsCash, Conventional, See Remarks
Living Area0 sqft
Lot Size Square Feet66,961 sqft
Lot Size UnitsSquare Feet
MLS Area475 - Yakima County
NWM_ShowMapLinkY
Net Operating Income146742
New ConstructionNo
Number Of Units Total6
PossessionClosing
Possible UseCommercial
Property Style56 - 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThe Eisenhower Complex is a stabilized 18 unit multifamily investment located in one of West Yakimas most established rental corridors. The offering includes a 16 unit apartment property plus a duple
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameYakima
Tax Annual Amount$18,296
Tax Year2025
Units Below Gradefalse
Units In Building Total34
ViewTerritorial
Water CompanyNob Hill Water Association
Water Sewer Garbage13382.69
Year Built1996
Zoning DescriptionCommercial

Exterior

Building Area Total15,728 sqft
Covered Spaces13
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Size Acres1.5372
Parking Uncovered Total23
Site FeaturesOutbuildings, Patio, Sprinkler System
Total Parking36
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
High School Eisenhower High
Elementary School Mcclure Elem

  

Similar Properties

$2,990,000

35 Beds 18 Baths 15,728 SQFT 1.54 Acres
Type: Multi-Family

1011 1013, 1015 s 48th Avenue
Yakima, WA 98908

MLS#: 2521913