New Multi-Family Apartment Community Acquisition in Yakima by Bonvolo

Bonvolo Real Estate Investments LLC has successfully acquired another multi-family apartment community in Yakima, Washington. The opportunity started fully rented and in good condition, with additional interest in the upside opportunities of going to market rent, onsite 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. We are considering additional acquisitions there, in addition to other Washington state markets.

We look forward to partnering with our local experienced team to provide quality living for residents and quality returns for investors.