1424 W 10th Ave 8 Unit Apartment Building $1,250,000 ($156,250/Unit) 6.19% Cap Rate Spokane, WA 99204
INVESTMENT HIGHLIGHTS
- 5 - 1 Bed Units, 2 - 2 Bed Units, & 1 - 3 Bed Unit
- On Site Laundry Facilities
- Rental Income of $10,341/Month
EXECUTIVE SUMMARY
- 5 - 1 Bed Units, 2 - 2 Bed Units, & 1 - 3 Bed Unit
- Rental Income of $8,486/Month
- On Site Laundry Facilities
- Modern Upgrades & Open Floor Plans
- Overhead Dimmable Recessed Lighting
- Close to Maple St Freeway Access
- Walking Distance to Restaurants, Shopping & Parks
- Parcel # 25244.4106
- Rental Income of $8,486/Month
- On Site Laundry Facilities
- Modern Upgrades & Open Floor Plans
- Overhead Dimmable Recessed Lighting
- Close to Maple St Freeway Access
- Walking Distance to Restaurants, Shopping & Parks
- Parcel # 25244.4106
PROPERTY FACTS
| Price | $1,250,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,984 SF |
| No. Stories | 2 |
| Year Built | 1911 |
| Parking Ratio | 1.2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 of 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 25244.4106 | Improvements Assessment | $543,500 |
| Land Assessment | $113,600 | Total Assessment | $657,100 |
