2308 Nob Hill Blvd Yakima, WA 98902
- Industrial properties
- 0.42 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 2308 Nob Hill Blvd
- Year built
- 1984
- Lot size
- 0.42 lot acres
- Property type
- Industrial properties
Description
This exceptional investment opportunity presents a 40-unit self-storage facility situated on a 0.42-acre lot at 2308 W Nob Hill Blvd, Yakima, WA. Priced at $490,000, this property offers a compelling 6.4% cap rate, making it an attractive addition to any portfolio. The facility's design minimizes utility expenses and maintenance requirements, contributing to its strong financial performance. The current operational structure allows for hands-off management, providing a truly turnkey investment experience. Alternatively, self-management offers the potential to further increase profitability. This property is ideally positioned for investors seeking a low-maintenance, high-return investment in a thriving market. The absence of significant utility and maintenance costs translates to substantial cost savings and increased cash flow. The property's location in Yakima, WA, provides access to a robust local market, ensuring consistent occupancy and rental income. This turnkey self-storage facility represents a rare opportunity to acquire a well-established, high-performing asset with significant upside potential. The current cap rate, coupled with the low operational overhead, makes this an exceptional investment opportunity for both seasoned and novice investors. Serious inquiries are encouraged to explore this promising investment further. The property's MLS number is 278537.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yakima
- County
- Yakima
- State
- Washington
- Longitude
- -120.54
- Latitude
- 46.5852
