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Lotus Pond Apartments 20 Staff Sargeant Pendleton Way

55 Unit Block of Flats £6,330,719 (£115,104/Unit) Yakima, WA 98901

Investment Highlights

  • yakima downtown with 20000 vehicles traffic - corner attraction
  • anchor tenants
  • remodeled units

Executive Summary

Iconic Mixed-Use Building in the Heart of Downtown Yakima
Located at 20 Staff Sgt Pendleton Way, this hallmark property presents a remarkable investment opportunity in the fast-developing Yakima region. Featuring 6 prime commercial units—anchored by popular local establishments like MakDaddy and a renowned Thai restaurant—and 55 residential units, including studios, one-bedroom, and two-bedroom apartments, this property offers both stable cash flow and future growth potential. Part of opportunity zone.
Recently renovated with modern flooring, upgraded bathrooms, and new heating and plumbing systems, the building ensures minimal maintenance costs and an attractive, move-in-ready appeal for tenants. With Yakima's robust rental demand, this is a high-yield investment in a thriving city.
Key Property Features:
Prime downtown location with immediate access to shopping, dining, and public transit
Diverse tenant mix of residential and commercial units, generating multiple revenue streams
Recent updates include new infrastructure and stylish interior finishes
Exceptional Location and Attractions: Situated in the heart of downtown Yakima, the property benefits from its proximity to a host of attractions:
Yakima Farmers' Market, located nearby, offers fresh local produce and artisan goods every Sunday from May to October.
Capitol Theatre, a historic downtown venue, hosts a wide range of performances from ballets to symphonies.
Nature lovers will appreciate the nearby Cowiche Canyon Trail, perfect for hiking and taking in scenic views of the Yakima Valley.
For those looking for recreation, Yakima Sportsman State Park provides camping, hiking, bird-watching, and fishing opportunities.
Just a short drive away, Wilridge Vineyard offers wine tastings with stunning views, ideal for enjoying Yakima’s lush natural surroundings.
Yakima, part of the rapidly growing Tri-Cities region, is on the cusp of major economic expansion, fueled by a newly approved regional airport, increased tourism, and its status as a key hub for agriculture and wine production. With demand for both residential and commercial space at an all-time high, this property is perfectly positioned to deliver strong returns for investors. website cascadeyakima dot com.

Yakima at a Glance:
Growing wine country: Numerous local wineries, including Bale Breaker Brewing Company and Wilridge Vineyard, draw in tourists and locals alike.
Outdoor recreation: Access to premier hiking and outdoor activities at Yakima Greenway and Yakima River Canyon.
Cultural experiences: Learn about local history at the Yakama Nation Cultural Center or enjoy the stunning murals of nearby Toppenish.
Invest in Yakima’s bright future with this turnkey property at 20 Staff Sgt Pendleton Way—a rare opportunity to own a cornerstone of this dynamic downtown district.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £435,782 £15.56
Other Income - -
Vacancy Loss - -
Effective Gross Income £435,782 £15.56
Taxes - -
Operating Expenses - -
Total Expenses £118,850 £4.24
Net Operating Income £316,932 £11.32

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £435,782
Annual Per SF £15.56
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £435,782
Annual Per SF £15.56
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £118,850
Annual Per SF £4.24
Net Operating Income
Annual £316,932
Annual Per SF £11.32

Property Facts

Price £6,330,719
Price Per Unit £115,104
Sale Type Investment
Gross Rent Multiplier 6
No. Units 55
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.16 AC
Building Size 28,000 SF
Average Occupancy 98%
Number of Floors 4
Year Built/Renovated 1910/2007
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Lounge

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 14 - 300 - 500
1+1 10 - 500 - 750
2+1 2 - 500 - 750
Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
191319-23409
Land Assessment
£19,174
Improvements Assessment
£1,363,204
Total Assessment
£1,382,379

zoning

Zoning Code CBD (Mixed - with ground floor five commercials and three floors above residential.)
CBD (Mixed - with ground floor five commercials and three floors above residential.)
  • Listing ID: 33437212

  • Date on Market: 07/10/2024

  • Last Updated:

  • Address: 20 Staff Sargeant Pendleton Way, Yakima, WA 98901

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