1612 Park Ln Yakima, WA 98902

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THIS OFFERING is for the opportunity to purchase a high-quality apartment building in one of Yakima's most prominent mid-city submarkets within the Barge/Chestnut corridor. Located centrally, this property has dedicated off-street parking and provides easy access to Freeways, Parks, Yakima's CBD, and East/West Yakima's Retail Shopping Centers, Restaurants, and Amenities.This classic craftsman charmer has timeless architecture, mature landscaping, and large, bright, well-laid-out floor plans. All units include new appliances and have been renovated upon turnover. The property has separately metered gas, an updated electrical system with separately metered units, and most of the plumbing has been redone. Rents are approximately 22% below market rate, offering an investor an excellent opportunity to take advantage of a well-maintained, low-risk, established investment within a prime market area. Upside can be achieved by implementing a more aggressive management strategy, adding storage to the basement, and elevating rents to market rate.Unit sizes are approximate. Buyer to verify all information to their satisfaction.