1103 W 9th Ave 11 Unit Apartment Building $1,410,542 ($128,231/Unit) 7.08% Cap Rate Spokane, WA 99204
INVESTMENT HIGHLIGHTS
- Two Buildings on One Lot
- On Site Laundry Facilities
- Rental Income of $11,836/Month
EXECUTIVE SUMMARY
Two Buildings on One Lot
- Fourplex: 4 - 2 Bed Units
- 7 Unit: 1 - Studio, 4 - 1 Bed Units, 2 - 2 Bed Units
- Rental Income of $11,836/Month
- On Site Laundry Facilities
- Covered Carport Parking
- Parcel # 35193.1001
- Fourplex: 4 - 2 Bed Units
- 7 Unit: 1 - Studio, 4 - 1 Bed Units, 2 - 2 Bed Units
- Rental Income of $11,836/Month
- On Site Laundry Facilities
- Covered Carport Parking
- Parcel # 35193.1001
PROPERTY FACTS
| Price | $1,410,542 |
| Price Per Unit | $128,231 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 10,568 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Cross Streets | 912 South Madison Avenue |
| Opportunity Zone |
Yes |
| Zoning | RSF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
1 of 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 35193.1001 | Improvements Assessment | $758,000 |
| Land Assessment | $132,000 | Total Assessment | $890,000 |
