Bay Hill Estates is a 2-story, well-maintained apartment community. The property consists of 2 buildings centrally located near downtown Yakima and walking distance to the nearby hospital complex. The building has 8 one-bedroom units and 8 two-bedroom units. The property got a new roof in 2020 and the exterior was painted and new signage was installed in 2015. The owner has replaced the bathtub surrounds on turnover. Bay Hill offers investors a quality asset with significant rental upside with current rents an estimated 24% +/- below market. An investor can capitalize on the income upside through increased rents in-line with the current market, adding amenities, and capturing additional revenue sources such as utility bill-back.
|--||New Value: $1,450,000|
|1/13/2021 4:32:00 PM||New Value: $1,450,000|
This property search is part of the Prime Alliance Real Estate Services website. Listing information is courtesy of the WA-NWMLS and Prime Alliance Real Estate Services. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.