31 North Front St. Yakima, WA, 98901
31 North Front Street
Yakima, WA 98901

Welcome to the Senator and the Savoy! These 3 story buildings are located in the heart of downtown Yakima and walking distance to restaurants, shops, courthouse and The Capitol Theatre. These properties each consist of 3 floors with the ground floor being retail and office and the top two floors consisting of Single Resident Occupancy (SRO) units (93 total). 70% of SRO units in the Senator have been remodeled as well as the common area hallways and some of the common area restrooms. 100% of the units in the Savoy have been renovated as well as the common area and common restrooms. All units rent for $550 which includes all utilities.


The ground floor is anopen canvas of 6500sf per building and this is a value-add -proposition by remodeling the vacant spaces and bring in additional income with retail or office space. The Savoy also has 6500sf of finished basement that has many untapped uses. There is currently one retail tenant in the Senator and the management is using the corner unit in the Senator, but could easily move to a smaller space. Both retail spaces have newer wall to ceiling windows and 14’ ceilings.

PROPERTY DESCRIPTION


ADDRESS

CITY, STATE, & ZIP

UNITS

YEAR BUILT

BUILDING SF

TYPE

CONSTRUCTION:

ZONING

APN

31 North Front Street
Yakima, WA 98901

-

1910

40,000 SqFt

Multi-Family

-

Commercial

-

OFFERING SUMMARY


SALE PRICE

PRICE PER UNIT

PRICE PER SF

CAP RATE

MARKET CAP RATE

GRM

MARKET GRM

$3,950,000

93 / $42,473.12

$98.75

8.01%

-

-

-

PROPERTY DESCRIPTION


ADDRESS:

31 North Front Street

CITY, STATE, & ZIP:

Yakima, WA 98901

UNITS:

-

YEAR BUILT:

1910

BUILDING SF:

40,000 SqFt

TYPE:

Multi-Family

CONSTRUCTION:

-

ZONING:

Commercial

APN:

-

OFFERING SUMMARY


SALE PRICE:

$3,950,000

PRICE PER UNIT:

93 / $42,473.12

PRICE PER SF:

$98.75

CAP RATE:

8.01%

MARKET CAP RATE:

-

GRM:

-

MARKET GRM:

-

DEMOGRAPHICS


-

POPULATION

-

HOUSEHOLDS

-

MEDIAN AGE

-

AVERAGE INCOME

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