612 Laurel Street
Yakima, WA 98902
$515,000
Last Sold Price
—
Beds
4,831 Sq. Ft.
$107 / Sq. Ft.
4,831
Sq. Ft.
$107
per Sq. Ft.
Closed 10/4/24
Closed 10/4/24
Description
Great investment Opportunity! Fully leased 8-unit apartment complex with room to raise rents! Property Taxes $3,334, Utilities $7,200, Insurance $2,106, Gross rent $5,075/m, Potentially increased to $5,650/m. Net yearly income based on market rate rent increase after taxes, utilities, and insurance is $55,160 . The property recently underwent renovations to 5 of the 8 units, new landscaping, a new roof, and a $30k main-line plumbing upgrade. It is located on Dead End Street in a quiet neighborhood....Great investment Opportunity! Fully leased 8-unit apartment complex with room to raise rents! Property Taxes $3,334, Utilities $7,200, Insurance $2,106, Gross rent $5,075/m, Potentially increased to $5,650/m. Net yearly income based on market rate rent increase after taxes, utilities, and insurance is $55,160 . The property recently underwent renovations to 5 of the 8 units, new landscaping, a new roof, and a $30k main-line plumbing upgrade. It is located on Dead End Street in a quiet neighborhood. Great tenants, all of whom have been there over a year, have no outstanding rents due! Currently managed by Wilson Real Estate Management.
- Listed by Paul Fredson • Wilson Real Estate Management LLC
Property Details for 612 Laurel Street
Zoning
M1 - Light Indus
LISTING UPDATED: 10/08/2024 06:34 PM
Property Details for 612 Laurel Street
| Status | Closed |
|---|---|
| MLS # | 24-2238 |
| Days on Market | 5 |
| Taxes | $3,334 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Apartment |
| Year Built | 1971 |
| Lot Size | 0.27 AC / 11,761 SF |
| County | Yakima County |
Building Information for 612 Laurel Street
Stories-Residences-Year Built1971Building Size-Lot Size0.27 AC / 11,761 SF
Property Information for 612 Laurel Street
Summary
Location and General Information
- Absolute Longitude: 120.52079
- Area (with SubArea): 2A - Btwn N 1st/16th
- City: Yakima
- State/Province: WA
- Zip Code: 98902
- Directions: Head North of N 5th Ave, take roundabout onto Fruitvale Blvd heading West. Turn right on N 6th Ave, take the first left on Laurel St. Property is third apartment complex on the left.
Taxes and HOA Information
- Taxes: $3,334.01
- Parcel Number: 181313-31490
- Spec Tax Designation: None
- Tax Year: 2024
School Information
- School District: Yakima
Parking
- Unit Information: # Carports: 4
- Garage Capacity: None
Property
Lot Information
- Total Approx Building SF: 4831.0
- Acreage M/L: 0.27
- Year Built: 1971
Property and Assessments
- Construction Style: Frame
- Picture Count: 38
- Document Count: 6
- Financing: CASH
Utilities
- Domestic Water: Public Water
- Sewage System: Connected
Interior and Exterior Features
Exterior Features
- Roof: Composition
- Siding: Wood
Interior Features
- Heat: Baseboard, Electric
- Unit Information: # Ranges: 8
Multi Family
Income & Expenses
- Gross Mo Income: $5,075.00
- Unit Information: Annual Water$: $6,000.00
- Unit Information: Annual Insurance$: $2,106.00
- Unit Information: Annual Sewer/Garb$: $1,200.00
Multi-Family Information
- number Units: 8.0
Unit Information
Unit 1
- Number of Units: 1
- Number of Bathroom: 1
- Monthly Rent $: 900
- Approx Sq Ft: 1339
- Refrigerator: Y
- Utility Room: N
- Standard Rent: $900.00
- Standard Baths: 1
- Standard Beds: 2
Unit 2
- Number of Units: 2
- Number of Bathroom: 1
- Monthly Rent $: 525
- Approx Sq Ft: 475
- Refrigerator: Y
- Utility Room: N
- Standard Rent: $525.00
- Standard Baths: 1
- Standard Beds: 0
Unit 3
- Number of Units: 3
- Number of Bathroom: 1
- Monthly Rent $: 700
- Approx Sq Ft: 917
- Refrigerator: Y
- Utility Room: N
- Standard Rent: $700.00
- Standard Baths: 1
- Standard Beds: 2
Unit 4
- Number of Units: 4
- Number of Bathroom: 1
- Monthly Rent $: 600
- Approx Sq Ft: 450
- Refrigerator: Y
- Utility Room: N
- Standard Rent: $600.00
- Standard Baths: 1
- Standard Beds: 1
Unit 5
- Number of Units: 5
- Number of Bathroom: 1
- Monthly Rent $: 650
- Approx Sq Ft: 450
- Refrigerator: Y
- Utility Room: N
- Standard Rent: $650.00
- Standard Baths: 1
- Standard Beds: 1
Unit 6
- Number of Units: 6
- Number of Bathroom: 1
- Monthly Rent $: 500
- Approx Sq Ft: 300
- Refrigerator: Y
- Utility Room: N
- Standard Rent: $500.00
- Standard Baths: 1
- Standard Beds: 0
Unit 7
- Number of Units: 7
- Number of Bathroom: 1
- Monthly Rent $: 675
- Approx Sq Ft: 450
- Refrigerator: Y
- Utility Room: N
- Standard Rent: $675.00
- StandardBaths: 1
- Standard Beds: 1
Unit 8
- Number of Units: 8
- Number of Bathroom: 1
- Monthly Rent $: 525
- Approx Sq Ft: 450
- Refrigerator: Y
- Utility Room: N
- Standard Rent: $525.00
- Standard Baths: 1
- Standard Beds: 0
Rental
Rent Information
- Terms: Cash, Conventional
Property History for 612 Laurel Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 612 Laurel Street
Taxable ValueLand$80,900Additions$296,900Total$377,800
Tax Record2024$3,334 ($278 / month)
Home Facts
Baths8Total Finished SqFt1,236 SqFtAbove Ground SqFt1,236 SqFtStories1Lot Size11,761 SqFtStyleMulti-Family Dwelling (2-4)Year Built1935Year Renovated1971ZoningM1CountyYAKIMAAPN181313-31490
Schools near 612 Laurel Street
This home is within Yakima School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Garfield Elementary School PublicK to 5 | ||
Wilson Middle School Public6 to 8 | ||
Eisenhower High School Public9 to 12 | ||
Davis High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Yakima
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Wilson Real Estate Management LLC
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.