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Cherry Hill Manor 1733 W 10th Ave 7 Unit Apartment Building $965,000 ($137,857/Unit) 7.10% Cap Rate Spokane, WA 99204
INVESTMENT HIGHLIGHTS
- 4 - 1 Bed Units, 1 - 2 Bed Unit, 1- 3 Bed Unit, & 1 Studio
- 6 Garages for Additional Income
- Rental Income of $7,765/Month
EXECUTIVE SUMMARY
Cherry Hill Manor
This stately brick manor blends timeless elegance with solid construction and classic beauty. Features include hardwood floors, beamed ceilings, a unique fireplace, chandeliers, a carriage house, and charming old-world details throughout.
There is potential for an additional $760/month in rental income by leasing the 6.5 garage stalls as storage. This attractive architectural classic also benefits from a sprinkler system, corner lot, and a prime location in an excellent neighborhood.
- 4 - 1 Bed Units, 1 - 2 Bed Unit, 1- 3 Bed Unit, & 1 Studio
- Rental Income of $7,570/Month
- On Site Laundry Facilities
- Great South Hill Location
- Parcel # 25244.1701
This stately brick manor blends timeless elegance with solid construction and classic beauty. Features include hardwood floors, beamed ceilings, a unique fireplace, chandeliers, a carriage house, and charming old-world details throughout.
There is potential for an additional $760/month in rental income by leasing the 6.5 garage stalls as storage. This attractive architectural classic also benefits from a sprinkler system, corner lot, and a prime location in an excellent neighborhood.
- 4 - 1 Bed Units, 1 - 2 Bed Unit, 1- 3 Bed Unit, & 1 Studio
- Rental Income of $7,570/Month
- On Site Laundry Facilities
- Great South Hill Location
- Parcel # 25244.1701
PROPERTY FACTS Under Contract
| Price | $965,000 | Apartment Style | Low-Rise |
| Price Per Unit | $137,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 7.10% | Building Size | 5,750 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RSF | ||
| Price | $965,000 |
| Price Per Unit | $137,857 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,750 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Opportunity Zone |
Yes |
| Zoning | RSF |
AMENITIES
UNIT AMENITIES
- Storage Space
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Storage Space
- Online Services
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
| Studios | 1 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 25244.1701 | Improvements Assessment | $676,700 |
| Land Assessment | $153,600 | Total Assessment | $830,300 |
PROPERTY TAXES
Parcel Number
25244.1701
Land Assessment
$153,600
Improvements Assessment
$676,700
Total Assessment
$830,300
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Cherry Hill Manor | 1733 W 10th Ave
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