722 E 5th Ave - Multi-Family FOR SALE
Spokane, WA 99202 |
$1,845,000 USD
509-321-2000
722 E 5th Ave
Spokane, WA 99202
HIGHLIGHTS
- 3) 3 bed/2.5 bath units, (1) 2 bed/2bath unit, (1) 2 bed/1.5bath unit, and (1) 1 bed/1.5 bath unit
- Units 1-5 were built in 2018 and unit 6 (The Rancher) was built in 1977
- Meticulously designed units feature garages, washer/dryer, gas fireplaces, alarm systems, premium finishes, and more
- Opportunity for 3 additional homes on the same block to be included in the sale
- Multifamily property tax exemption valid through 2027
- Property to be sold on owner contract: 25% Down, 5% Interest Rate, 30 Year Amortization, 30 Year Term
OVERVIEW
FOR SALE DETAILS
PRICE
$1,845,000 USD
PRICE/SF
$188 USD /SF
# OF UNITS
6
PRICE/UNIT
$307,500
CAP RATE
5.06%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Perry District Townhomes
PROPERTY TYPE
Multi-Family
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1977
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.37 AC
LAND SF
16,117 SF
ZONING
O
APN/PARCEL ID
35201.5354
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509-321-2000
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509-321-2000
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