1428 W 10th Ave 12 Unit Apartment Building $1,350,000 ($112,500/Unit) 7.30% Cap Rate Spokane, WA 99204
INVESTMENT HIGHLIGHTS
- 6 - 1 Bed Units, 1 - 2 Bed Unit, & 5 Studios
- On Site Laundry Facilities & Off Street Parking
- Rental Income of $11,470/Month
EXECUTIVE SUMMARY
- 6 - 1 Bed Units, 1 - 2 Bed Unit, & 5 Studios
- Rental Income of $11,316/Month
- On Site Laundry Facilities & Off Street Parking
- High Ceilings, Large Windows, & Hardwood Floors
- Recent Remodels
- Great South Hill Location Close to I-90
- Parcel # 25244.4105
- Rental Income of $11,316/Month
- On Site Laundry Facilities & Off Street Parking
- High Ceilings, Large Windows, & Hardwood Floors
- Recent Remodels
- Great South Hill Location Close to I-90
- Parcel # 25244.4105
PROPERTY FACTS
| Price | $1,350,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 7,524 SF |
| No. Stories | 3 |
| Year Built | 1909 |
| Parking Ratio | 1.06/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
| Studios | 5 | - | - |
1 of 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 25244.4105 | Improvements Assessment | $912,300 |
| Land Assessment | $113,600 | Total Assessment | $1,025,900 |
