1627 W 7th Ave 8 Unit Apartment Building $942,000 ($117,750/Unit) 7% Cap Rate Spokane, WA 99204
INVESTMENT HIGHLIGHTS
- On Site Laundry Facilities
- Brick Exterior & Carport Parking
- Rental Income of $8,573/Month
EXECUTIVE SUMMARY
4 - 1 Beds, 2 - 2 Beds & 2 Studios
On Site Laundry Facilities
Rental Income of $8,573/Month
Brick Exterior & Carport Parking
Great South Hill Location Close to 1-90
Walking Distance to Restaurants, Shopping & Parks
On Site Laundry Facilities
Rental Income of $8,573/Month
Brick Exterior & Carport Parking
Great South Hill Location Close to 1-90
Walking Distance to Restaurants, Shopping & Parks
PROPERTY FACTS
| Price | $942,000 |
| Price Per Unit | $117,750 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,120 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.78/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF - Multifamily |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 4 | - | - |
1 of 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 25244.3506 | Improvements Assessment | $600,600 |
| Land Assessment | $113,600 | Total Assessment | $714,200 |
