1905 W 2nd Ave | Spokane, WA 99201
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- LoopNet Team
1905 W 2nd Ave
Spokane, WA 99201
Espanola Elm Apartments · Multifamily Property For Sale
·
21 Units
INVESTMENT HIGHLIGHTS
- Well-maintained, prime value-add opportunity
- Opportunity to increase rents 17% as-is and 29% with renovations
- Ample on-site parking
- Large floorplans with additional dens & bonus rooms
- Located in one of Spokane's most desirable neighborhoods of Brownes Addition
- Opportunity to purchase as a 56-unit portfolio with ownership's neighboring buildings, The Oak & Espanola Annex
PROPERTY FACTS
| No. Units | 21 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 20,277 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | C | Year Built | 1907 |
| Zoning | MF | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 20,277 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1907 |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Storage Space
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | 585 - 1,010 |
| 2+1 | 7 | - | 1,065 |
| Studios | 1 | - | 450 |
PROPERTY TAXES
| Parcel Number | 25241.2101 | Improvements Assessment | $2,198,820 |
| Land Assessment | $106,680 | Total Assessment | $2,305,500 |
PROPERTY TAXES
Parcel Number
25241.2101
Land Assessment
$106,680
Improvements Assessment
$2,198,820
Total Assessment
$2,305,500
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