1405 N Lincoln St
Spokane, WA 99201
Multifamily Property For Sale
·
14 Units
Property Facts
| No. Units | 14 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 10,976 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1907/2015 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Zoning | MF | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 10,976 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1907/2015 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | MF |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
About 1405 N LINCOLN ST , SPOKANE, WA 99201
Welcome to Your New Great Investment where Cash Flow Is King!! We currently have this updated 14-unit spacious apartment complex with a great unit mix for sale! Lincoln Street Apartments features very large kitchens, dining rooms, and living rooms and great amenities including off street parking, on-site laundry and a security system. Lincoln Place Apartments is an ideal location just 1 mile from downtown Spokane and only 2 blocks from the YMCA and bus routes where there is high rental demand! Excellent cash flow at 7.9% cap rate as is with rent upside! 4 Deals in one that cannot be beat...Excellent long term cash flow, Excellent location, Excellent apartments and Excellent value! Don't wait as this great opportunity will go very fast! Please call and make an appointment if interested prior to approaching the property due to our tenants privacy. *Pre-approval letter or proof of funds required before any showings. List Price: $735,000 If interested, please call Tyler to make an appointment at 509-251-2871. *Listing agent holds WA real estate license. **Extant Company, LLC is and EQUAL OPPORTUNITY and FAIR HOUSING Property Management Company.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 3 | - | - |
| 3+2 | 2 | - | - |
Property Taxes
| Parcel Number | 35182.0607 | Improvements Assessment | $957,200 |
| Land Assessment | $85,200 | Total Assessment | $1,042,400 |
Property Taxes
