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1204 W 8th Ave 12 Unit Apartment Building $1,675,000 ($139,583/Unit) 7.68% Cap Rate Spokane, WA 99204

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Investment Highlights

2 Buildings on One Lot
8 Garages for Additional Rental Income

Rental Income of $15,092/Month

Executive Summary

·2 Buildings on One Lot
·Triplex: 2 - 3 Bed Units, 1 - 2 Bed Unit
·9 Unit: 7 - 2 Bed Units, 2 - 1 Bed Units
·Rental Income of $15,092/Month
·On Site Laundry Facilities
·2 Apartments with In-Unit Laundry
·8 Garages for Additional Rental Income

Property Facts Under Contract

Price	$1,675,000	Building Class	C
Price Per Unit	$139,583	Lot Size	0.33 AC
Sale Type	Investment	Building Size	12,157 SF
Cap Rate	7.68%	No. Stories	3
No. Units	12	Year Built	1907
Property Type	Multifamily	Cross Streets	720 South Jefferson Street
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	RHD

Price	$1,675,000
Price Per Unit	$139,583
Sale Type	Investment
Cap Rate	7.68%
No. Units	12
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.33 AC
Building Size	12,157 SF
No. Stories	3
Year Built	1907
Cross Streets	720 South Jefferson Street
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RHD