416 1st St Yakima, WA 98901-2306

Property Details for 416 1st St

Year built

1955

Construction

WOOD

Lot size

1.26 lot acres

Property size

1,268 SF

Zone code

GC

Property type

Warehouses

APN

181313-44449

APU

18131344449

Description

This exceptional 2-story motel, the Red Apple Motel, presents a lucrative investment opportunity in the heart of Yakima, Washington. Built in 1955 and located at 416 N 1st St, Yakima, WA 98901, this established hospitality property boasts a compelling financial profile. The asking price is $2,150,000, offering a strong 12.60% capitalization rate and a Net Operating Income (NOI) of $270,880. The property's robust performance is further evidenced by its impressive room revenue of $580,019 and a revenue-to-room-cost ratio (RRM) of 3.97x. This translates to a price per key (PPK) of $39,655, indicating significant value for the investor. The motel's prime location in Yakima County ensures consistent occupancy and strong cash flow. This is a rare chance to acquire a well-established, income-producing asset in a thriving market. The property's history and established clientele provide a solid foundation for continued success and potential for future growth. This is an ideal opportunity for investors seeking a stable, high-return investment in the hospitality sector. Detailed financial statements are available upon request.