Bonvolo Real Estate Investments LLC has successfully acquired another multi-family apartment community in Yakima, Washington. The opportunity starts fully rented and in good condition, with upside opportunities to market rent, amenities, and Ratio Utility Billing System (RUBS). Bonvolo worked through a local team to acquire and transition the property, including real estate brokerage, inspections, repair contractors, and property management.
The property consists primarily of 2 bedroom / 1 bathroom units, which are layout generally in highest market demand, plus a few 3 bedroom units. The location provides drive-up/door-front access for residents, onsite laundry, free storage units, and back yards with patios.
The location was a part of the decision process, situated in a good residential neighborhood with convenient access to shopping, public transit, key road arterials, and schools. The property is also located just 3 blocks from Bonvolo’s other apartment community in Yakima. Yakima is one of Bonvolo’s acquisition markets. We are considering additional acquisitions there as well.
We look forward to partnering with our local experienced team as we provide quality living for our tenants and quality returns for our investors.