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121-221 E Wedgewood
Spokane, WA 99208
Serrano North & South · Multifamily Property For Sale
·
300 Units
Investment Highlights
- Renovation Upside: Value-add potential to increase rents and property value through renovating remaining Classic units.
- Renovation Progress: 250 of the 300 units have undergone some form of renovation.
- Modern Finishes: Platinum and Gold units have been upgraded with modern features.
- Prime Location: Located just off N Division Street, only five miles from Downtown Spokane, with excellent access to major employment centers.
- Common Area Upgrades: Value-add potential to improve property feel by improving landscaping and tenant amenities.
Property Facts
| No. Units | 300 | Lot Size | 8.45 AC |
| Property Type | Multifamily | Building Size | 255,172 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1984/2010 |
| Building Class | B | Parking Ratio | 1.61/1,000 SF |
| Zoning | RM; Spokane | ||
| No. Units | 300 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.45 AC |
| Building Size | 255,172 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1984/2010 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | RM; Spokane |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Storage Space
- Heating
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Walk-In Closets
- Carpet
- Patio
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- Courtyard
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 480 |
| 1+1 | 30 | - | 680 |
| 2+1 | 225 | - | 780 - 931 |
| 3+1 | 2 | - | 880 |
| 3+1.5 | 41 | - | 987 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $33,206,220 | |
| Land Assessment | $1,861,680 | Total Assessment | $35,067,900 |
Property Taxes
Parcel Numbers
Land Assessment
$1,861,680
Improvements Assessment
$33,206,220
Total Assessment
$35,067,900
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