Originally constructed in 1973, The Quint Village Apartments is a twenty-seven unit apartment community with an on-site office located in the heart of Yakima. Situated on almost two acres, the Property has everything tenants are looking for in a place to call home. Higher trending rents in the area tell the story of increasing demand in the submarket, which can be attributed to not only the asset itself, but its great location. Yakima boasts value in job creation through their farming industry.  Main crops and exports consist of apples, corn, peppers, peaches, pears and cherries.  Additionally, known for hops and it’s robust abundance of fertile land to grow grapes, the beer and alcohol industries rely on farming in the Yamina Valley to supply their ingredients.

Tucked in a livable, spacious, and quiet part of town, The Quint Village Apartments consist of a diverse unit mix, bringing a compelling case to have room for families and single individuals.  On average, units span ±887-square feet. Each unit features a spacious living and dining room, oven/range, and refrigerator, dishwashers, and a unique recreation area with a pool that could be the best-selling point to tenants as an investor hopes to attain a premium rent for the community compared to immediate competition.  With the ability for an incoming investor to attain north of a 7% cap rate on their investment, Quint Village offers an investor a way to diversify their apartment portfolio and hedge against the flight from the core cities of Seattle, Tacoma, and Spokane.  Not to mention, ownership has done a partial interior renovation to the property, achieving the proforma rents with ease. This offering presents an excellent opportunity to purchase a multifamily community with strong appeal while being able to take advantage of significant rental upside.

At a purchase price of $3,395,000, the Quint Village Apartments offer attractive price per pound metrics of $125,741/unit and $142 a square foot. An incoming investor can thus justify spending the necessary dollars on renovating the exterior, recommissioning the pool and recreation areas and not have to worry about surprises that occasionally come with a heavier capital-intensive project.