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Listings/West Yakima Duplex Portfolio

West Yakima Duplex Portfolio

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Sale Price: $6,600,000

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Sale Summary

We successfully sold the West Yakima Duplex Portfolio by highlighting its unique features and potential for buyers. Our marketing efforts emphasized the opportunity to purchase a portfolio of newly constructed duplexes located in the highly sought-after West Yakima neighborhood. By showcasing the property’s desirable location, modern construction, and potential for rental income, we were able to attract interested buyers and generate multiple offers. Ultimately, we worked closely with the buyer and seller to ensure a successful transaction that met the needs of both parties.

 

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Property Details

Address
707-709 N 31st Ave and 2901, 2905, 3001 Willow St
City, State
Yakima, WA
Buildings
5
Total Units
11
Year Built
2019
Average Unit Size
1,379

Sale Details

Sale Date
January 6, 2023
Price
$6,600,000
Price Per Unit
$300,000

Opportunity

Increase rents 23% without any renovations.

With in place rents well below market, buyers have the opportunity to increase rents day one without putting any money into the property.

Low vacancy

Over the last 5 years, Yakima has continuously had some of Washington State's lowest vacancy rates, averaging 0.95% since 2017.

High rents

Of small U.S. metropolitan areas, Yakima has had the fifth-highest median rent increases across the entire country since 2019.

Location

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sold

West Yakima Duplex Portfolio

709 N 31st Ave,
Yakima, WA 98902
Units: 22 Total
Price: $6,600,000

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About the Area

The West Yakima Duplex Portfolio is conveniently located.

Located in a newly developed, family friendly community surrounded by ample amenities including schools, grocery stores, and healthcare facilities.

 

Yakima is one of Eastern Washington’s largest cities with a population of 97,000 and year over year population and job growth, largely due to it’s thriving agricultural economy.

With its hot and cool desert climate, Yakima Valley produces 75% of the nations hops, 70% of the nations apples, 42% of the nations pears, and 38% of the nations concord grapes

3rd

LARGEST CITY IN EASTERN WASHINGTON

97,000

CITY POPULATION

251,000

COUNTY POPULATION

Contact Us

Exclusive Listing Brokers

Max Frame

Call/Text: 509.494.3116

Jerrid Anderson

Call/Text: 206.499.8191