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20th Avenue Apartments 1020 S 20th Ave 20 Unité Immeuble d’appartements 3 426 350 $ CAD (171 318 $ CAD/Unité) 6,29% Taux de capitalisation Yakima, WA 98902
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Faits saillants de l'investissement
- Rent Growth Potential: Rents are approximately 4.13% below market, providing near-term income growth potential
- Stabilized Occupancy: 100% occupied, reflecting strong tenant demand and operational stability
- Well-Located Asset: Situated in Yakima, WA, a market with steady housing demand fundamentals
- Attractive Yield: Offered at a 6.29% capitalization rate, supported by $157,244 NOI
- Efficient Unit Mix: All one-bedroom units averaging 665 SF, appealing to consistent renter demand
- On-Site Parking: Includes 32 surface parking spaces, enhancing tenant convenience and retention
Résumé de l'annonce
Northmarq is pleased to present 20th Avenue Apartments, a 20-unit multifamily apartment community located in Yakima, Washington. Built in 1971, the property spans approximately 13,300 net rentable square feet and consists entirely of one-bedroom residences, averaging 665 SF per unit. The community is currently 100% occupied and includes 32 surface parking spaces, supporting strong tenant convenience and stable leasing performance.
The property is being offered at $2.5 million, representing a 6.29% capitalization rate based on $157,244 in net operating income. It provides immediate in-place cash flow, with additional upside potential as current rents are approximately 3.97% below market, allowing for future income growth through strategic rent adjustments.
Yakima, Washington serves as one of Central Washington’s primary agricultural hubs, with a local economy driven by apple, hop, and wine production along with supporting industries in food processing, logistics, healthcare, and public services. These employment sectors provide a stable, year-round tenant base and support consistent demand for workforce housing. Limited new multifamily development further reinforces occupancy stability and rental resilience in the submarket.
The property is being offered at $2.5 million, representing a 6.29% capitalization rate based on $157,244 in net operating income. It provides immediate in-place cash flow, with additional upside potential as current rents are approximately 3.97% below market, allowing for future income growth through strategic rent adjustments.
Yakima, Washington serves as one of Central Washington’s primary agricultural hubs, with a local economy driven by apple, hop, and wine production along with supporting industries in food processing, logistics, healthcare, and public services. These employment sectors provide a stable, year-round tenant base and support consistent demand for workforce housing. Limited new multifamily development further reinforces occupancy stability and rental resilience in the submarket.
Faits sur la propriété
| Prix | 3 426 350 $ CAD | Classe d’immeuble | C |
| Prix par unité | 171 318 $ CAD | Taille du lot | 0,55 AC |
| Type de vente | Investissement | Taille du bâtiment | 13 300 pi² |
| Taux de capitalisation | 6,29% | Occupation moyenne | 100% |
| Nombre d’unités | 20 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1971 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 2,41/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | R3 | ||
| Prix | 3 426 350 $ CAD |
| Prix par unité | 171 318 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,29% |
| Nombre d’unités | 20 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,55 AC |
| Taille du bâtiment | 13 300 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1971 |
| Ratio de stationnement | 2,41/1 000 pi² |
| Zonage | R3 |
Commodités
Commodités des unités
- Climatisation
- Lave-vaisselle
- Chauffage
- Cuisine
- Réfrigérateur
- Fourchette
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 20 | - | 665 |
1 1
Moyennement practicable à pied
60/100
Très facile d'accès en voiture
80/100
Transports en commun limités
30/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 181326-13429 | Évaluation des bâtiments | 2 531 451 $ CAD |
| Évaluation du terrain | 61 719 $ CAD | Évaluation totale | 2 593 171 $ CAD |
Impôts fonciers
Numéro de lot
181326-13429
Évaluation du terrain
61 719 $ CAD
Évaluation des bâtiments
2 531 451 $ CAD
Évaluation totale
2 593 171 $ CAD
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20th Avenue Apartments | 1020 S 20th Ave
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