View Map All Properties • Page 1 of 1 View All Sort by Price Sort Alphabetical
« Back

5101 W Powerhouse Road

Main image

5101 W Powerhouse Road

5101 W Powerhouse Rd, Yakima, WA 98908
Multi-Family For Sale Available Cap Rate 5.94% Built 2023 2 floors Zoning: R3
Asking Price
$18,400,000
Total Building83,628 SF
Available83,628 SF avail
Land253,416 SF land
Parking Total198
& Uncov.
MarketYakima County
CountyYakima

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
307453
Listing ID
714740
Type
Multi-Family
Asset Class
Multi-Family
Zoning
R3

Description

We are delighted to present Cowiche Creek Townhomes, a newly constructed, 2023-vintage asset located in Yakima, WA. This 66-unit property features a mix of 30 two-bedroom and 36 three-bedroom townhome units, each with 2.5 baths. With an average unit size of 1,267 square feet, each unit features in-unit laundry, elegant quartz countertops, LVP flooring and modern HVAC systems.The property currently achieves an average rent of $1,832 per unit with a limited history of concessions needed to entire new tenants. Residents enjoy the serenity of a quiet neighborhood while being just 4 miles north from downtown Yakima. Additionally, the property offers proximity to Mount Rainier National Park, making it an ideal location for outdoor enthusiasts seeking year-round recreational activities.This property represents an excellent opportunity for investors to acquire a recently constructed yet seasoned asset with large, modernized units in a highly desirable secondary market. With its central location, significant rent growth potential, and high-quality finishes, Cowiche Creek Townhomes is primed for long-term success.

Listing Courtesy of:

TS
Tyler Smith
Northmarq Multifamily LLC
10500 NE 8th Suite 1920,
Bellevue, WA 98004
State: WA City: Yakima ZIP: 98908 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.