20 E Pineridge Ct | Spokane, WA 99208
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20 E Pineridge Ct
Spokane, WA 99208
Northside Lofts · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Continue operating as short term rentals or convert to market rate apartments
- Attractive in-place and pro-forma cap rate
- Majority of tenants on short term leases
- Desirable vintage with ample recent capital improvements
- Sought-after location near regional hubs, job centers, shopping, restaurants, and more
- Opportunity to purchase this as a portfolio with Seller's 2017 vintage, 24-unit apartment in Airway Heights (Autumn Leaf Apartments)
PROPERTY FACTS
| No. Units | 32 | Building Size | 21,000 SF |
| Property Type | Multifamily | Average Occupancy | 65% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1988/2022 |
| Building Class | B | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 0.92 AC | ||
| Zoning | General Commercial/Reside | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.92 AC |
| Building Size | 21,000 SF |
| Average Occupancy | 65% |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2022 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | General Commercial/Reside |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Views
- Wi-Fi
- Yard
- Grill
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Furnished Units Available
- Pet Play Area
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 525 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,190,500 | |
| Land Assessment | $360,970 | Total Assessment | $2,551,470 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$360,970
Improvements Assessment
$2,190,500
Total Assessment
$2,551,470
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