Bay Hill Estates is a 2-story, well-maintained apartment community. The property consists of 2 buildings centrally located near downtown Yakima and walking distance to the nearby hospital complex. The building has 8 one-bedroom units and 8 two-bedroom units. The property got a new roof in 2020 and the exterior was painted and new signage was installed in 2015. The owner has replaced the bathtub surrounds on turnover. Bay Hill offers investors a quality asset with significant rental upside with current rents an estimated 24% +/- below market. An investor can capitalize on the income upside through increased rents in-line with the current market, adding amenities, and capturing additional revenue sources such as utility bill-back.
Current Location
