Historical Multifamily Sale Listing -

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale,

1515 & 1519 W. Sharp

1515 & 1519 W. Sharp, Spokane, WA 99201

N/A

16 Units | Multifamily

  • Print

Multifamily Property - Off Market

Price:
N/A
No. Units:
16
Building Size:
10,272 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8.20%
Gross Rent Multiplier:
7.05
No. Stories:
3
Year Built:
1977
Lot Size:
16,800 SF
Listing ID
17888438
Last Updated
over 1 year ago

Highlights

  • Fully Remodeled in 2006-2007
  • Strong Rental History
  • Extensive New Development Occurring Nearby

Description

This sixteen unit apartment complex was completely renovated in 2007. Each apartment has a dishwasher, air conditioner and assigned carport space and the layouts are extremely functional. There are secure laundry rooms with leased equipment (50/50 split) in each building. Located on several bus lines and within walking distance of downtown Spokane. Excellent rental history. Property is easy to maintain and has two utility rooms on site for storage. The complex is made up of two side by side eight-plexes on separate tax parcels. Unit mix is 4 two bedrooms and 12 one bedrooms. Originally built in 1977. Managed by current owner since 2006. Property is being marketed by owner, but courtesy will be given to agents representing buyers. Please see attachments for link to a complete property profile.

Spokane, Washington has a population of approximately 210,000 people. It is a relatively stable real estate market and multi-family properties have held their value over the last 5 years. This property is located in the West Central Neighborhood, which is adjacent to downtown. There is a significant amount of redevelopment happening in the neighborhood, spearheaded by the Kendall Yards Project which is a major mixed use project. The apartment complex is on several bus lines and provides easy access to local freeways and major arterial streets. Most tenants work or go to school within a few miles of the property.

Map of 1515 & 1519 W. Sharp, Spokane, WA 99201 (Spokane County)

Research for 1515 & 1519 W. Sharp, Spokane, WA 99201 (Spokane County)

  • Demographics – Population, income & other demographics near 1515 & 1519 W. Sharp
  • Research Price – Recent sales of similar properties

Similar Listings

5 Photos
4223 N Progress Rd
4223 N Progress Rd
  • Spokane, WA
  • $365,000
  • 8,412 SF Bldg
3 Photos
208 W Cliff Dr
208 W Cliff Dr
  • Spokane, WA
  • $580,000
  • 7,780 SF Bldg
1621 W 6th Avenue 1621 W 6th Avenue
  • Spokane, WA
  • $308,000
  • 7,302 SF Bldg
1016 & 1026 W. 6th Aven... 1016 & 1026 W. 6th Aven...
  • Spokane, WA
  • $485,000
  • 7,700 SF Bldg
1826 East Sprague 1826 East Sprague
  • Spokane, WA
  • $285,000
  • 8,380 SF Bldg