903 W Spofford Ave - Apartments FOR SALE


Spokane, WA 99205- Emerson Garfield
$1,100,000 USD
509-494-3116
903 W Spofford Ave, Spokane, WA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

903 W Spofford Ave
Spokane, WA 99205
Emerson Garfield


HIGHLIGHTS

  • Well-maintained, prime value-add opportunity
  • Updated building systems including new roof, panels, boiler, flooring and more
  • Increase rents 18% with as-is unit interiors & 38% with renovations
  • Centrally located near major employers, schools, restaurants, & more
  • Situated near multiple bus stops, making travel throughout Spokane easily accessible
  • Large 3 bedroom, 1 bedroom, and studio units featuring dens

OVERVIEW

Opportunity to purchase a well-maintained, value-add opportunity in the heart of Spokane, WA. With updated building systems including new roof, boiler, panels, & more, buyers will be well positioned to focus on cosmetic upgrades to fully maximize rents.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

10

PRICE/UNIT

$110,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RHD-55

APN/PARCEL ID

35073.3805

ASK ABOUT THIS PROPERTY

Max FrameKidder MathewsMore Info
509-494-3116

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Max FrameKidder MathewsMore Info
509-494-3116

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