16 N 6th Street
Yakima, WA 98901
7548 sqft | 0.18 acres | #1715912
Description
Coachman Apts. is a 2-story, well-maintained apartment building in a designated Opportunity Zone located in downtown Yakima. The building has 12 one-bedroom units that the owner has replaced tub surrounds, installed ventilation, replaced flooring, and repainted on turnover. In 2019 the property got a new roof, new exterior paint, and new building signage.
Coachman offers investors a well-maintained asset with significant rental upside with rents an estimated 30+/- below market. An investor can capitalize on the income by increasing rents, creating additional amenities, & capturing additional revenue sources such as utility bill-back. Each unit at the Coachman has its own parcel # allowing for an alternative exit strategy as condos.
Financial Details
- Days on Market (Cumulative)52
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2021-04-26 00:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Brian Richardson (#NWM42995)
Listing Office: Kidder Mathews (#NWM128)
Listing Courtesy (Buyer)
Buyer's Agent: Phil Nelson (#NWM115260)
Buyer's Office: Marketplace Sotheby's Intl Rty (#NWM5280)
