Welcome to the Senator and the Savoy! These 3 story buildings are located in the heart of downtown Yakima and walking distance to restaurants, shops, courthouse and The Capitol Theatre. These properties each consist of 3 floors with the ground floor being retail and office and the top two floors consisting of Single Resident Occupancy (SRO) units (93 total). 70% of SRO units in the Senator have been remodeled as well as the common area hallways and some of the common area restrooms. 100% of the units in the Savoy have been renovated as well as the common area and common restrooms. All units rent for $550 which includes all utilities.
The ground floor is anopen canvas of 6500sf per building and this is a value-add -proposition by remodeling the vacant spaces and bring in additional income with retail or office space. The Savoy also has 6500sf of finished basement that has many untapped uses. There is currently one retail tenant in the Senator and the management is using the corner unit in the Senator, but could easily move to a smaller space. Both retail spaces have newer wall to ceiling windows and 14’ ceilings.
DEMOGRAPHICS
-
POPULATION
-
HOUSEHOLDS
-
MEDIAN AGE
-
AVERAGE INCOME