724 W Ruby Street Pasco, WA $ 1,150,000
724 W Ruby Street
$ 1,150,000
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724 W Ruby Street

Pasco, WA, 99301
$ 1,150,000
Baths0.0 Sq 7,392

Monthly Estimate*

$ 8,033

Listed by The Paragon Group
724 W Ruby Street, Pasco, WA 99301 - Image 1
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724 W Ruby Street, Pasco, WA 99301 - Image 14
724 W Ruby Street, Pasco, WA 99301 - Image 15
Studio

Multi-Family Home for sale in Pasco, WA

for $1,150,000. This 7,392 square foot home was built in 1977 on a lot size of 0.3707.

WORKFORCE LOCATION: Ideal workforce location in Pasco near Amazon Distribution Facilities, Darigold, and others. Property and neighborhood has sustained demand for Ruby8 with minimal vacancy for the past few years. VALUE-ADD POTENTIAL: Two units have been fully renovated and another two units partially renovated, proving market rents and property upside. NEIGHBORHOOD IMPROVEMENT: Tri-Cities Health acquired the property across the street with plans to convert it to additional parking, which will immediately improve the neighborhood and block. FLEXIBLE EXIT STRATEGY: Opportunity to split the two 4-plexes for acquisition and sales, capturing upside of residential financing and deep buyer pool for 4-unit investors.

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Multi-Family Active

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,467

Style

5-9 Units

Lot Size

0.3707

Year Built

1977

Town/City

Pasco

County/Region

Franklin

MLS | Web ID

2213101

Features
General
Interior Features Laminate
Sewer Sewer Connected
Heating Ductless HP-Mini Split
Cooling Ductless HP-Mini Split
Possession Closing
Roof Metal
Exterior Features Stone Wood
HOA 0
Year Built 1977
Property SubType Multi-Family
Tax Year 2023
County Franklin
Net Operating Income 65787
Insurance Expense 4791
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Pasco
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions From W Court St turn north on N 7th Ave then east on W Ruby St. The buildings will be on your right.
High School Buyer To Verify
City Pasco
Buyer Agent Compensation 3
View Y/N N
Senior Community Y/N N
High School District Pasco
Open Parking Spaces 16
Total Units 8
MLS Area 245 - Franklin County
Lot Size Square Feet 16148
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Ruby
Listing Terms Conventional
Elementary School Buyer To Verify
Tax Annual Amount 7467
Electric Expense 1565
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks WORKFORCE LOCATION: Ideal workforce location in Pasco near Amazon Distribution Facilities Darigold and others. Property and neighborhood has sustained demand for Ruby8 with minimal vacancy for the pa
Leasable Area 6960
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks
Units Below Grade false
Units In Building Total 8
Zoning Class Multi-Family Residential
Water Sewer Garbage 11224
Property Style 55 - 5-9 Units
Cap Rate 5.72
Adult Family Homes Multi-Family
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Interior
Flooring Laminate
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 16
Foundation Details Slab
Building Area Total 7392
Lot Dimensions 65X124.6
Lot Size Acres 0.3707
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 16
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Internal Only
OriginalMLSID NWM2213101
Street Number 1 724
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* Excluded Features
List By
Mason Fiascone

Listing Agent

The Paragon Group

Broker

Affordability Calculator

$8,655
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,033
Monthly Property Taxes
$622
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
4213935 Elementary School
4213934 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2024$1,150,000 Listed Price

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724 W Ruby Street, Pasco, WA, 99301 is a Multi-Family Home for sale at $1,150,000 with 7,392 sqft and a lot size of 0.3707. 724 W Ruby Street is a studio with 0.0 baths and was built in 1977. The property's zip code is 99301 which is in Pasco, WA