1818 W 8th Ave 10 Unit Apartment Building $1,465,214 ($146,521/Unit) 7.06% Cap Rate Spokane, WA 99204
INVESTMENT HIGHLIGHTS
- Rental Income of $12,419/Month
- On Site Laundry Facilities
- 8 - 1 Bed Units, 2- 3 Bed Units
EXECUTIVE SUMMARY
- 8 - 1 Bed Units, 2- 3 Bed Units
- Rental Income of $12,419/Month
- On Site Laundry Facilities
- 7 Garages for Extra Income
- Recent Unit Updates & Architectural Charm
- Walking Distance to Restaurants, Shopping
& Parks
- Parcel # 25244.4511
- Rental Income of $12,419/Month
- On Site Laundry Facilities
- 7 Garages for Extra Income
- Recent Unit Updates & Architectural Charm
- Walking Distance to Restaurants, Shopping
& Parks
- Parcel # 25244.4511
PROPERTY FACTS
| Price | $1,465,214 |
| Price Per Unit | $146,521 |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 10,548 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | RMF |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 3+1 | 2 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,240,300 | |
| Land Assessment | $186,500 | Total Assessment | $1,426,800 |
