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1405 W 8th Ave 13 Unit Apartment Building $1,700,000 ($130,769/Unit) 7.10% Cap Rate Spokane, WA 99204

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Investment Highlights

Rental Income of $14,917/Month
Located Near Restaurants, Shopping, I-90, and Downtown Spokane

Beautifully Landscaped Grounds

Executive Summary

•8- 1 Bed/1 Bath Units
•5- 2 Bed/1 Bath Units
•Rental Income of $14,917/Month
•On Site Laundry Facility
•Beautifully Landscaped Grounds
•Located Near Restaurants, Shopping, I-90, and Downtown Spokane

Property Facts

Price	$1,700,000	Apartment Style	Low-Rise
Price Per Unit	$130,769	Building Class	C
Sale Type	Investment	Lot Size	0.28 AC
Cap Rate	7.10%	Building Size	9,372 SF
No. Units	13	No. Stories	3
Property Type	Multifamily	Year Built	1962
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.
Zoning	Apartment

Price	$1,700,000
Price Per Unit	$130,769
Sale Type	Investment
Cap Rate	7.10%
No. Units	13
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.28 AC
Building Size	9,372 SF
No. Stories	3
Year Built	1962
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	Apartment