1651 E North Foothills Dr - Apartments FOR SALE


Spokane, WA 99207
$9,000,000 USD
509-463-8931
1651 E North Foothills Dr, Spokane, WA for Sale
$9,000,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

1651 E North Foothills Dr
Spokane, WA 99207


HIGHLIGHTS

  • Construction underway for 36-unit multifamily community situated on 1.42 AC parcel; 24 1BR/BA and 12 2BR/1BA.
  • Close proximity, less than 2 miles, to Gonzaga University and Spokane Community College
  • Located in Spokane Dist 81 School District with designated schools: Elementary - Bemiss, Middle - Shaw, and High School - Rogers
  • Easy access to Highway 2 and Interstate 90

OVERVIEW

Construction is underway now! Need a new, low maintenance property for your investment portfolio? This brand new 36-unit apartment complex will be ready to start leasing up in 2025. 12-two bed, two bath units and 24-one bed, one bath units. Beautiful finishes include durable laminate cabinets, laminate floors, stainless appliances and hard surface counters and window sills. Less than two miles from both Gonzaga University and Spokane Community College and only three blocks from Gonzaga Prep School. Will work with your 1031 exchange. These are the perfect, low maintenance units for your investment portfolio. **Photos of Apartment Building are Artist Renderings, Not Exact Building**

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

36

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New 36 Unit Apartment Complex!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,219 SF

ZONING

-

APN/PARCEL ID

35092.0609

ASK ABOUT THIS PROPERTY

Steve JonesWindermere Real EstateMore Info
509-463-8931

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Steve JonesWindermere Real EstateMore Info
509-463-8931

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.