15917 E Sprague Ave | Spokane Valley, WA 99037
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
15917 E Sprague Ave
Spokane Valley, WA 99037
Parc Sprague Apartments · Multifamily Property For Sale
·
56 Units
INVESTMENT HIGHLIGHTS
- 56-unit multifamily asset in Spokane Valley
- Potential to renovate and capture an additional 29% in rental income, assuming a $1,008,000 renovation budget
- Community amenities include a large grass lawn, clubhouse, playground, gazebo, and swimming pool
- A mix of one-bedroom and two-bedroom units, averaging 685 SF
- Ample parking, 1.94 space/unit parking ratio
- In place 6.34% cap rate stabilizing to a 7.90% cap on cost
PROPERTY FACTS
| No. Units | 56 | Building Size | 40,436 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1979 |
| Building Class | C | Parking Ratio | 2.7/1,000 SF |
| Lot Size | 2.52 AC | ||
| Zoning | C - Commercial | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.52 AC |
| Building Size | 40,436 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.7/1,000 SF |
| Zoning | C - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Clubhouse
- Fenced Lot
- Laundry Facilities
- Playground
- Maintenance on site
PROPERTY TAXES
| Parcel Number | 45133.1550 | Improvements Assessment | $4,593,830 |
| Land Assessment | $878,770 | Total Assessment | $5,472,600 |
PROPERTY TAXES
Parcel Number
45133.1550
Land Assessment
$878,770
Improvements Assessment
$4,593,830
Total Assessment
$5,472,600
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
