421 S McKinnon Rd - Apartments FOR SALE


Spokane Valley, WA 99212
$3,400,000 USD
509-926-5311
421 S McKinnon Rd, Spokane Valley, WA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

421 S McKinnon Rd
Spokane Valley, WA 99212


HIGHLIGHTS

  • Add on Value
  • Centrally Located near a variety of ameneties
  • Prime for a Contractor Buyer

OVERVIEW

Asking Price $3,400,000.00 (SOLD AS-IS , Partially Finished) 70%+/- of buildings and 85%+/- of site work completed per Seller. Buyer to purchase and complete construction, ADD on Value for completed project. Projected completed stabilized estimated value $6,500,000.00+/- Prime for a Builder Contractor Buyer. Seller/Contractor can contract to finish as General Contractor. Estimated expense to finish construction $1.2+/- Million range. Parcel # 35231.1437 Two 3-Story Buildings 24 Total Units (Twelve 2 bed/ 2 bath and Twelve 3 bed/ 2 bath) Building A: Six 2 Bed / 2 Bath Units (876 SF Each) and Six 3 Bed 2 Bath (1,255 SF Each) Building B: Six 2 Bed / 2 Bath Units (876 SF Each) and Six 3 Bed 2 Bath (1,255 SF Each) Lot Size 43,290+/- Square Feet (0.99) Total Building Size 25,572 +/- Square Feet $132.00+/- Per Square Foot As-Is List Broker can provide Appraiser Rental Lease Comparable's and Construction Completion List.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

24

PRICE/UNIT

$141,667

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Add on Value 24 Unit Apt, Partially Finished

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

1.01 AC

LAND SF

44,113 SF

ZONING

MFR

APN/PARCEL ID

35231.1437

ASK ABOUT THIS PROPERTY

Gene ArgerG. Arger Company Real Estae Inc.More Info
509-926-5311

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Gene ArgerG. Arger Company Real Estae Inc.More Info
509-926-5311

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