120 N Locust Rd | Spokane Valley, WA 99206
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120 N Locust Rd
Spokane Valley, WA 99206
Gray Ridge Apartments · Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- (11) 3 bedroom 2 bathroom 1,146 SF units - (8) 2 bedroom 2 bathroom 1,043 SF units
- Washer and dryer in each unit
- Patio/balcony for each unit
- 1 garage for each unit (19 total garages) - 14 additional car parks and 10 additional 225 SF storage units
- Finishes include LVP flooring, quartz countertops, and stainless steel appliances
- Potential assumable financing: $3.435M balance, 3.75% interest rate, 25 year amortization, 10 year term
PROPERTY FACTS
| No. Units | 19 | Lot Size | 0.83 AC |
| Property Type | Multifamily | Building Size | 25,410 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2023 |
| Building Class | B | Parking Ratio | 1.11/1,000 SF |
| Zoning | MF-2 - Multifamly | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.83 AC |
| Building Size | 25,410 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | MF-2 - Multifamly |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Freezer
- Island Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 11 | - | 1,146 |
| 2+2 | 8 | - | 1,043 |
PROPERTY TAXES
| Parcel Number | 45173.1615 | Improvements Assessment | $4,564,700 |
| Land Assessment | $360,000 | Total Assessment | $4,924,700 |
PROPERTY TAXES
Parcel Number
45173.1615
Land Assessment
$360,000
Improvements Assessment
$4,564,700
Total Assessment
$4,924,700
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